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Finance Bill

On that point, the hon. Gentleman must surely accept that a pretty comprehensive tax plan was set out in the March Budget. We were seeking to raise an extraordinary amount of money—£19 billion is not small potatoes—and we set out specifically how much would come in through national insurance increases, how much through changing the tax treatment of pension contributions, and how much through putting taxes on incomes up and keeping them up, and taxing certain incomes at the 50p rate. Some of those measures have been kept, but those were not easy decisions to make. They were difficult decisions, but they did bring in £19 billion of income to the Exchequer.