Proceeding contribution from Michael Meacher (Labour) in the House of Commons on Wednesday, 9 December 2009. It occurred during Ministerial statement on Pre-Budget Report.
Pre-Budget Report
Does my right hon. Friend really believe that a one-off, short-term bonus tax is sufficient to achieve his aim of permanently changing City culture? How does he justify the prospect of cutting public services and still not imposing a windfall tax on banks, when those bank profits have been fortuitously inflated by quantitative easing, by the offsetting of £80 billion of past losses against tax, by the elimination of rivals in the financial crash and by a vastly expanded market in Government bond sales?
Secondary information
- Type
- Proceeding contribution
- Reference
- 502 c380
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Bank services Banks Income tax Financial institutions Fiscal policy Economic situation Economic policy Economic growth Inflation Forecasts Pensions National insurance contributions Public sector net cash requirement Young people Unemployment benefits Tax allowances Taxation Unemployment Retail prices index Economic recession World economy Pre-Budget report 2009
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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