Skip to main content

Proceeding contribution from Ed Balls (Labour) in the House of Commons on Tuesday, 26 June 2007. It occurred during Debate on bill on Finance Bill.


Finance Bill

I fear that the hon. Gentleman wants to repeat the debate that we had in Committee. I set out the position entirely clearly: there will be a non-linear, progressive, accelerating build-up over time on the basis of which we will get to a figure of 200,000 by 2016. The costing is correct for 2012. However, as the hon. Member for Braintree (Mr. Newmark) probably knows, given that he has studied these matters, things are dependent on the pace of the acceleration. As I said in Committee, the acceleration might be quick or slow, but we will still get to the same place in the end. This depends entirely on the definition, and, as the hon. Member for Falmouth and Camborne effectively pointed out to the hon. Member for Braintree, given that we are still consulting on the definition, it is hard to provide a completely detailed estimate at this stage. That was exactly why the projection that was set out in Committee was made in such a way. I do not think that we will make any more progress on the matter. The position is very clear.


Secondary information

Type
Proceeding contribution
Reference
462 c198-9 
Session
2006-07
Chamber / Committee
House of Commons chamber
Subjects
Conditions of employment Companies Agriculture Age Conservation Combined heat and power Annuities Buildings Capital allowances Housing Investment Energy Electricity generation Insurance companies Industry Grants Inheritance tax Personal income Pensions Property Pension funds Sales Small businesses Tax allowances Renewable energy Tax avoidance Taxation Technology Tax rates and bands Self-employed Solar power Carbon emissions Stamp duty land tax Alternatively secured pensions Managed service companies
Legislation
Finance Bill 2006-07
Link
View this Proceeding contribution on www.publications.parliament.uk