Proceeding contribution from Danny Alexander (Liberal Democrat) in the House of Commons on Tuesday, 6 July 2010. It occurred during Debate on bill on Finance Bill.
Finance Bill
As I understand it, the House of Commons analysis does not include the impact of all the measures in the Budget. VAT is paid much more in cash terms––that has been accepted by the Institute for Fiscal Studies––so it is paid more by the wealthiest. The analysis that we should rely on is that which is presented in the Budget because it shows that the distributional impact of the Budget measures hits those on highest incomes hardest. That is the relevant measure and the one that I intend to draw attention to.
Secondary information
- Type
- Proceeding contribution
- Reference
- 513 c197
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Poverty Children Corporation tax Exports Excise duties Fuels Private sector Insurance premium tax Economic growth Forecasts Low incomes Pensions Public expenditure Unemployment Rural areas Public sector debt Tax avoidance VAT Resignations Tax evasion Tax burden Building schools for the future programme Office for Budget Responsibility Budd, Alan
- Legislation
- Finance Bill 2010-12
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- Timestamp
- 2026-05-06 09:14:57 +0100
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- http://data.parliament.uk/pimsdata/hansard/CONTRIBUTION_652348
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