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Proceeding contribution from Owen Smith (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

We have heard this argument a lot today and, yes, VAT, having gone down to 15% as part of the fiscal stimulus, did go back up to the level at which it had sat—17.5%. However, many Labour Members have made it very clear indeed that VAT was not put up—apart from when it returned to a pre-set level having gone down—under any previous Labour Government, where a successive Tory Government, on assuming office, put up VAT. It is the Tories' stock in trade. It is what we expect, and it is what we got.

Secondary information

Type
Proceeding contribution
Reference
513 c862 
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