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Proceeding contribution from Philip Dunne (Conservative) in the House of Commons on Wednesday, 6 May 2009. It occurred during Debate on bill on Finance Bill.

Finance Bill

The hon. Gentleman is making a reasonable stab at arguing that arithmetic averages are likely to pray in favour of the Treasury's position. However, surely he must recognise that only two days after the Chancellor made his predictions for this year, the Office for National Statistics published its figures for the first three months of this year, which showed that the Treasury's projections were out by more than 25 per cent. The economy failed by 1.9 per cent. as opposed to the 1.5 per cent. that the Chancellor had identified two days before.

Secondary information

Type
Proceeding contribution
Reference
492 c250 
Session
2008-09
Chamber / Committee
House of Commons chamber
Subjects
Children Alcoholic drinks Business Corporation tax Credit Bingo Borrowing Finance Income tax Excise duties Fuels Gaming Government assistance Economic growth Forecasts Personal savings Poverty Pensions Public expenditure Scotland Tax allowances Tax avoidance Taxation VAT Trusts Tax rates and bands Tax evasion North Sea oil Trade competitiveness Marginal tax rates
Legislation
Finance Bill 2008-09
Link
View this Proceeding contribution on www.publications.parliament.uk