Proceeding contribution from George Osborne (Conservative) in the House of Commons on Thursday, 25 March 2010. It occurred during Budget debate on Budget Resolutions and Economic Situation.
Budget Resolutions and Economic Situation
I did my research. Only once in the 13 years of this Government did the Labour Chancellor uprate in line with inflation; on all other occasions, it was above inflation. The only Budget in which Labour froze allowances before was in 2003. It is perfectly within the Chancellor's power to take account of inflation at the time. As I say, this is effectively a tax rise on 30 million working people, which is one of the reasons why the Budget has gone down so badly.
Secondary information
- Type
- Proceeding contribution
- Reference
- 508 c399
- Session
- 2009-10
- Chamber / Committee
- House of Commons chamber
- Subjects
- Cost effectiveness Debts Banks Credit Budgets Finance Higher education Economic situation Economic growth National income Public expenditure Loans Young people Small businesses Tax allowances Taxation Stamp duties Unemployment Economic recession World economy Budget March 2010
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-21 20:39:10 +0100
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