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Proceeding contribution from Lord Redwood (Conservative) in the House of Commons on Thursday, 15 July 2010. It occurred during Committee of the Whole House (HC) and Debate on bill on Finance Bill.


Finance Bill

Indeed, it tried to stop them on many occasions. If we do too much of that, however, we have a poorer country, a smaller tax base and all the rest of it. It is a pity that the Labour party still has such a downer on success, prudence and savers, but it might be surprised—hopefully, pleasantly surprised—in due course to find that people on more modest means take advantage of this flexibility as well. We no longer live in a world in which everybody retires at 65 and does no more work. I see around my constituency many people taking on paid work into their late 60s and early 70s, either because they want to or, in some cases, because they have to in order to supplement their resources. Why should we debar them from this flexibility any more than richer people, if they have savings?


Secondary information

Type
Proceeding contribution
Reference
513 c1176-7 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Travel Corporation tax Annuities Allowances Driving Income tax Exemptions Insurance Health insurance Inheritance tax Income Insurance premium tax Pensions Members Older people Working hours Tax allowances Tax avoidance Tax yields Independent Parliamentary Standards Authority Motor insurance
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk