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Proceeding contribution from Andrew George (Liberal Democrat) 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 talks about balance in the Budget. When he talked about the VAT rates in the basket of other European nations, I do not think that he was suggesting that this should be about pursuing the lowest, or even the highest, common denominator. He will have heard about the Financial Secretary's statement to the British Bankers Association last night on having further levies on banks. If that were possible and if it yielded sufficient income to the Treasury, would my hon. Friend agree that the Treasury could introduce a lower rate of VAT than is currently proposed?

Secondary information

Type
Proceeding contribution
Reference
513 c854 
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