Proceeding contribution from Rob Marris (Labour) in the House of Commons on Wednesday, 12 March 2008. It occurred during Budget debate on AMENDMENT OF THE LAW.
AMENDMENT OF THE LAW
The right hon. Gentleman referred to the fact that the picture is not so good, and to fiscal drag on tax bands. However, on page 113 of the Red Book there is an increase in the personal allowance for those under 65 of about 4 per cent. The starting point for the higher rate of tax has also gone up by about 4 per cent. That does not sound like fiscal drag to me.
Secondary information
- Type
- Proceeding contribution
- Reference
- 473 c322
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Budgets Borrowing Economic situation Public sector Taxation Tax yields Budget March 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-16 01:03:47 +0000
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