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Proceeding contribution from Lord Hammond of Runnymede (Conservative) in the House of Commons on Monday, 21 April 2008. It occurred during Debate on bill on Finance Bill.

Finance Bill

I must tell my hon. Friend—I think I have already said this—that I do not think that it was a foul-up. The then Chancellor knew precisely what he was doing. He was making a pitch for votes in a Labour leadership contest and he wanted to show that he could reach out to middle England, Blair-like, in the contest to come. He sacrificed the interests of some of the poorest in our society on the altar of his short-term political interests. The Labour-dominated Treasury Committee—we always describe it like that, but having heard what its Chairman has helpfully said today, I am not sure how relevant that is any more—put the point in its report on the 2008 Budget with masterful understatement. It said that"““the group of main losers from the abolition of the 10 pence rate of income tax seem an unreasonable target””—"

Secondary information

Type
Proceeding contribution
Reference
474 c1079-80 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Children Child tax credit Child benefit Alcoholic drinks Charities Capital gains tax Aviation Corporation tax Banks Climate change Capital investment Credit Bingo Air passenger duty Civil partners Families Environment protection Income tax Fuels Inheritance tax Government assistance Double taxation Domicil Economic situation EU emissions trading scheme Forecasts Pensioners Low incomes Poverty Minimum wage Public houses Personal taxation Married people Low pay Public finance New businesses Public sector debt Migrant workers Working tax credit Small businesses Tax allowances Tax avoidance Taxation VAT Supermarkets Dividend tax credits Winter fuel payment Secured loans Revenue and Customs Carbon emissions Research and development tax credit Institute for Fiscal Studies Earnings limits Budget March 2007 Enterprise investment scheme
Legislation
Finance Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk