Proceeding contribution from Yvette Cooper (Labour) in the House of Commons on Monday, 28 June 2010. It occurred during Budget debate on Budget Debate.

Capital Gains Tax (Rates)

My hon. Friend is right that those proposals will have an impact on families and on entire communities. Almost £1 billion will be taken from tenants in the private rented sector—almost 20% of their support. If tenants have on average 20% of their payments cut, how many of them does the right hon. Gentleman think will really be able to carry on paying their rent? People in Wakefield will lose £20 a week; people in Barking will lose £40 a week; and people in Broxtowe will lose £30 a week. That is before they face the cuts in tax credits and the hit from extra VAT.

Secondary information

Type: Proceeding contribution
Reference: 512 c619
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Disability Children Child benefit Allowances Housing benefit Employment schemes Economic situation Incapacity benefit Economic growth Medical examinations Poverty Pensions Older people Lone parents Public sector debt Pregnancy Social security benefits VAT Unemployment Uprating Cuts Employment and support allowance Budget June 2010
Link: View this Proceeding contribution on www.publications.parliament.uk

Capital Gains Tax (Rates)

Secondary information

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