Proceeding contribution from Lord Hammond of Runnymede (Conservative) in the House of Commons on Tuesday, 29 April 2008. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance Bill.
Finance Bill
That is a fair comment. It has many of the characteristics of one of the devolved Assemblies, but not all of them. It would also be fair to ask whether elected executive mayors, taking on a full-time role in managing a big city, could reasonably argue that they should be treated in the same way as the Mayor of London is apparently to be treated. That is why I put the question to the Minister. She is a Treasury Minister, so I assume that her instinct will be to resist all pleas for tax-preferential treatment. As I have said, however, pressure is being put on the Government by organisations representing other elected members, and I would be interested to hear the Government's take on this issue. As I have made my points reasonably, I should also like to hear whether the Minister agrees that there is a problem when such a provision, which is perhaps intended to have a general and continuing effect, clearly becomes entwined with the fate and fortunes of an individual. We in this Chamber cannot in honesty claim to be able to debate a termination payment for the Mayor of London and its tax treatment without considering the individual who is most likely to benefit from that provision. However, that is a bad way for us to make legislation. An important issue is at stake. If the current Mayor benefits from this provision, it may well be, as one tax expert was reported as saying, the best £30,000 of public money ever spent, but it is none the less important that we understand the underlying reason for doing this and have some clarification, so that we address any lingering suspicion that the Government might merely be seeking to offer a golden parachute to an old political crony as he comes to the end of his political career.
Secondary information
- Type
- Proceeding contribution
- Reference
- 475 c175-6
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Agriculture Climate change Carbon dioxide Housing Greater London Authority Leasehold Excise duties Fuels Flats Motor vehicles Pollution Payments Mayor of London Tax allowances Taxation Tenants Stamp duties Tax rates and bands Self-assessment Carbon emissions Henry VIII clauses Ex gratia payments Stamp duty land tax Right to enfranchise companies
- Legislation
- Finance Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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