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Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Monday, 9 June 2008. It occurred during Debate on bill and Committee proceeding on National Insurance Contributions Bill.


National Insurance Contributions Bill

If the noble Baroness will forgive me, it depends on how you do your allocations. I can see that she would like to make the juxtaposition that she just has but, as we discussed earlier, changes to national insurance contributions were part of a broader package of measures relating to changes to the basic rate of tax and the withdrawal of the 10p rate. If you look at that for higher earners, both originally under the 2007 Budget proposals and still, they are gainers from that compendium of measures. It was not intended that a further gain should accrue to them as a result of the interrelation with S2P.


Secondary information

Type
Proceeding contribution
Reference
702 c130GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Income tax Index linking National insurance Pay Pensions National insurance contributions Tax rates and bands Uprating Earnings limits
Legislation
National Insurance Contributions Bill 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk