Proceeding contribution from Stuart Bell (Labour) in the House of Commons on Tuesday, 13 May 2008. It occurred during Ministerial statement on Income Tax.

Income Tax

May I recall to the Chancellor's mind the noble Lord Lamont? When Lord Lamont pushed interest rates up to 15 per cent., Britain was required to withdraw from the exchange rate mechanism and it took us years to recover, which we did only with the onset of a Labour Government. I congratulate the Chancellor on assisting low and middle-income earners and all tax-paying families, as we have done over the past 11 years, in contrast with the record of the Tory Government from '92 to '97.

Secondary information

Type: Proceeding contribution
Reference: 475 c1210-1
Session: 2007-08
Chamber / Committee: House of Commons chamber
Subjects: Administration Borrowing Investment Income tax Fuel poverty Economic situation Poverty Public sector Low pay Tax allowances Taxation Tax rates and bands Budget March 2008 Budget March 2007
Link: View this Proceeding contribution on www.publications.parliament.uk

Income Tax

Secondary information

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