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Proceeding contribution from Lord Lilley (Conservative) in the House of Commons on Tuesday, 17 April 2007. It occurred during Opposition day on Occupational Pensions.

Occupational Pensions

I was referring back to the Chancellor’s Budget speech, when he said:"““The present system of tax credits encourages companies to pay out dividends rather than reinvest their profits.?—[Official Report, 2 July 1997; Vol. 297, c. 306.]" If he introduced this measure to discourage paying out dividends, he has failed, as companies paid out a higher proportion in dividends in the subsequent nine years than they did before.

Secondary information

Type
Proceeding contribution
Reference
459 c206 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Pensioners Workplace pensions Pensions Personal pensions Pension funds Treasury
Link
View this Proceeding contribution on www.publications.parliament.uk