Proceeding contribution from Toby Perkins (Labour) in the House of Commons on Thursday, 24 June 2010. It occurred during Budget debate on Budget debate.

Capital Gains Tax (Rates)

My hon. Friend makes a valid point: it probably is not the new politics, but it is something that political parties should perhaps consider. Hon. Members should remember that the previous Labour Government were the first Government for many years to start paying off the national debt. The stringent financial rules that the former Prime Minister put in place during his long stint at the Treasury put this country into the position whereby we entered the recession with the second lowest debt to GDP ratio in the G7.

Secondary information

Type: Proceeding contribution
Reference: 512 c517
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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