Proceeding contribution from Lord Beamish (Labour) in the House of Commons on Tuesday, 6 July 2010. It occurred during Debate on bill on Finance Bill.
Finance Bill
The hon. Gentleman says, "For a long time" but the way the Government are going with this Budget, I am not sure that it will be. He will have to get used to the fact that we will question the Government on the proposals because they will have a draconian effect on my constituents in North Durham. I must refer not just to the retail trade or charities, but to the Conservative grass roots. Tim Montgomerie, on his website ConservativeHome, said:""First, it hurts the poor most of all and, second, both the Conservatives and the Liberal Democrats said they had 'no plans' to increase this tax. At a time when trust in politics is so low we don't need 'plans' to emerge tomorrow."" That was in advance of the announcement that is contained in the Bill. The other sector that the Bill will have a dramatic effect on is the construction sector. Yesterday, we saw the Building Schools for the Future programme decimated, directly affecting thousands of jobs. I am glad that my hon. Friend the Member for Halton (Derek Twigg) is back. He mentioned the decimation not only of BSF in his constituency but of other projects that have been put forward. Again, business and construction will have to carry the cost of the VAT increase. Another sector that will be affected will be charities and the work that they do. I know that under the new Conservative approach, as part of the big society, charities are supposed to be stepping up to the mark, but they will be the ones that will be affected.
Secondary information
- Type
- Proceeding contribution
- Reference
- 513 c278
- 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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