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Finance Bill

I want to make some progress on the amendment and the clause stand part debate. There are many ways of making the tax system more transparent and progressive, and there is no shame at all in saying that that should be a goal. The fact that the Conservatives have criticised our proposals on a higher rate of pensions tax relief shows what they actually believe. They speak all these warm words about making society fairer, but they are not prepared to put their money where their mouths are. The key concern was raised by the right hon. Member for Birkenhead (Mr. Field), who made an eloquent case. The Chancellor was beguiled. It is difficult to know whether he was beguiled more by the prospect of grabbing the headlines in his final Budget or, unfortunately, by the tax credit system. The intent behind it is incredibly worthy and no one on the Liberal Democrat Benches doubts the Chancellor’s passion about these issues. Perhaps, however, his enthusiasm for the tax credit system is misguided when take-up rates are low in some areas. The tax changes introduced next year will disproportionately affect some groups.