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Proceeding contribution from Angus Brendan MacNeil (Scottish National Party) in the House of Commons on Tuesday, 13 July 2010. It occurred during Committee of the Whole House (HC) and Debate on bill on Finance Bill.


Finance Bill

My hon. Friend made a good point about the Liberal Democrats' "VAT bombshell" warnings. Those warnings were, of course, issued when the pre-Budget report had forecast a deficit of £177 billion. By the time of the Budget, however, the deficit was only £149 billion. With a lower deficit, the Liberal Democrats wanted more VAT to plug the gap. Can my hon. Friend explain their thinking?


Secondary information

Type
Proceeding contribution
Reference
513 c817 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Poverty Charities Exemptions Excise duties Fuels Economic situation Pensioners Low incomes Rural areas Taxation VAT Rescue services Tax burden Sunset clauses
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk