Proceeding contribution from Chris Huhne (Liberal Democrat) in the House of Commons on Thursday, 24 June 2010. It occurred during Budget debate on Budget debate.

Capital Gains Tax (Rates)

Thank you, Mr Speaker. Let me merely assert, until the hon. Member for Rhondda (Chris Bryant) has had the opportunity to check this for himself, that the distributional analysis of changing the main VAT rate produced by the IFS today shows that there is not a regressive pattern to that when looked at by decile of expenditure. I am very happy to defend this Budget, not least on the basis that, astonishingly, it is the first Budget in which we have a serious distributional analysis of the impact of its measures. We had 13 years of a Labour Government producing Budget after Budget, and on not one occasion in one Red Book was there a section devoted in this way to distributional analysis.

Secondary information

Type: Proceeding contribution
Reference: 512 c446-7
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Bank services Climate change Capital investment Housing Environment protection Government assistance Economic situation Economic growth Forecasts National income Public expenditure Pollution control Public sector debt Standards Taxation VAT Institute for Fiscal Studies Office for Budget Responsibility Bank levy Sheffield Forgemasters Budget June 2010
Link: View this Proceeding contribution on www.publications.parliament.uk

Capital Gains Tax (Rates)

Secondary information

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