Proceeding contribution from George Osborne (Conservative) in the House of Commons on Wednesday, 26 November 2008. It occurred during Emergency debate on Pre-Budget Report.
Pre-Budget Report
I will make more progress, because many Members want to speak. Unfortunately, we have only three hours to debate this issue, although we would be happy to debate it all afternoon. I turn to the national insurance changes. The Chancellor made the claim that only those on incomes of more than £40,000 will be worse off than they are today as a result of the national insurance increase. I am glad to say that the Institute for Fiscal Studies comprehensively demolished that claim yesterday; it said that it was not true. What is true is that anyone earning more than £19,000 will pay more tax than they do now as a result of Monday's Budget.
Secondary information
- Type
- Proceeding contribution
- Reference
- 483 c747
- Session
- 2007-08
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Banks Credit Budgets Borrowing Investment Financial markets Economic situation Guarantees National income National insurance contributions Public expenditure Loans Public sector debt Taxation VAT World economy Pre-Budget report 2008
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2025-01-22 21:07:11 +0000
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