---

Budget Resolutions and Economic Situation

The hon. Gentleman anticipates my intervention slightly. Does he support the policy that we have made no secret about and which we think is central to the taxation system? That policy is to take everybody with an income of £10,000, however derived, out of the taxation system altogether. It would be paid for by the people who have very high incomes and by reducing the advantages that they get, for example, in pension relief and so on. It would be balanced and paid for elsewhere, but would benefit 3.5 million people, or more, a year.