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Proceeding contribution from Baroness Hollis of Heigham (Labour) in the House of Lords on Thursday, 3 November 2011. It occurred during Debate on bill and Committee proceeding on Welfare Reform Bill.

Welfare Reform Bill

I was slightly taken aback by the Minister saying that he thought 100 per cent disregards in tax credits were regarded as overgenerous, when at the same time no mention is made of what we are paying in higher-rate tax relief. Currently, out of the £26 billion we spend on tax relief, some £8 billion to £10 billion is going to higher-rate tax relief. If we follow the Minister’s line, apparently we need only to incentivise the rich to save; the poor are being overincentivised and we are being overgenerous.

Secondary information

Type
Proceeding contribution
Reference
731 c473GC 
Session
2010-12
Chamber / Committee
House of Lords Grand Committee
Subjects
Complaints Disability Disclosure of information Devolved matters Childcare Appeals Costs Housing benefit Employment Jobseeker's allowance Earnings rules Medical examinations Mental illness Pension credit Pilot schemes Personal income Pensions Scotland Social security benefits Welfare tax credits Standards Working hours Wales Research Work capability assessment Universal credit
Legislation
Welfare Reform Bill 2010-12
Link
View this Proceeding contribution on www.publications.parliament.uk