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Proceeding contribution from Stephen Timms (Labour) in the House of Commons on Monday, 25 June 2007. It occurred during Debate on bill on Finance Bill.


Finance Bill

Information has already been published. I point the hon. Lady to the IFS analysis for the sort of detail that she is asking for. That shows that the biggest proportionate gains from the package will be enjoyed by households in the lowest two income deciles. That is an important feature of the package. I hope that I have persuaded the House that it would not be right to agree to the new clause. I understand the concerns expressed by my right hon. Friend the Member for Birkenhead and others across the House, but they are effectively addressed by the tax credit changes that are part of the package as well. I hope that he feels that it would not be right to press the new clause to a vote, but, if he does press it, I will certainly ask my hon. Friends not to support it.


Secondary information

Type
Proceeding contribution
Reference
462 c121 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Companies Costs Air passenger duty Committees Fraud Income tax Excise duties EU internal trade Legislation Internet Personal savings Low incomes Petrol Registration Small businesses Tax allowances Repayments Tax avoidance Taxation VAT Tax rates and bands Rural areas Second homes Tax evasion Revenue and Customs Equity Retrospective legislation
Legislation
Finance Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk