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Proceeding contribution from Iain Wright (Labour) 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

It is stated on page 66 of the Red Book that""Impacts on households from VAT account for around 1.0 per cent of net income, although this is smaller on average for the top 10 per cent of households, and greatest for the bottom 10 per cent of households."" We do know who will be hardest hit, therefore. It will be the poorest in our society, and the hon. Gentleman's Red Book says so.


Secondary information

Type
Proceeding contribution
Reference
513 c844 
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