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Proceeding contribution from Liam Byrne (Labour) in the House of Commons on Tuesday, 20 July 2010. It occurred during Debate on bill on Finance Bill.

Finance Bill

Is not the answer very straightforward? Is not the answer that the Budget depresses growth so much that tax receipts will actually be down, so even though the scorecard sets out a series of measures that should, in theory, raise the amount that it sets out, the OBR, understandably, knowing that growth is depressed, has set out that far less money will actually come through?

Secondary information

Type
Proceeding contribution
Reference
514 c194 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Annuities Economic situation Economic growth Forecasts Pensions Public sector Public expenditure Unemployment Public sector debt Tax allowances Taxation VAT Uprating Cuts Office for Budget Responsibility
Legislation
Finance Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk