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Finance Bill

I am grateful to the noble Baroness. So this so-called jobs tax is going to create unemployment, as opposed to the alternative, which is so-called efficiency savings. If one is going to reduce expenditure by £10 billion, £20 billion or £30 billion, where is that expenditure saving going to be produced? It will be produced overwhelmingly on wages and salaries. So what the noble Baroness says is pure poppycock—perhaps she would comment about whether another word could be used. She sheds crocodile tears about jobs, but for every £10 billion or £20 billion, would not an equivalent number of jobs, if not more, be lost for the same amount of money?