Proceeding contribution from Emma Reynolds (Labour) in the House of Commons on Monday, 26 March 2012. It occurred during Budget debate on Amendment of the Law.
Budget Resolutions and Economic Situation
Let me be clear from the outset that this is a Budget from a Government who are intent on dividing Britain, pitting the private sector against the public sector and one part of the country against another. However, I congratulate the Chancellor on one thing: he did not divide the press on the Budget. Remarkably, he united the press in universal condemnation of its unfairness. At a time when my constituents are seeing their living standards decline, it beggars belief that the Government are prioritising a tax cut for the richest people in our country. Some 14,000 millionaires will be more than £40,000 better off. I wonder whether it is really a coincidence that many of those in the Conservatives' ““premier league”” Downing street dining club have done so well out of the Budget. I want to tackle head-on the arguments that the Chancellor has made to justify the tax cut for the wealthiest. I do not think that the tax rate should be set in stone, but any decision to change it should be based on the evidence, not on ideology.
Secondary information
- Type
- Proceeding contribution
- Reference
- 542 c1250-1
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Capital investment Budgets Culture Broadband ICT Innovation Intellectual property Welfare tax credits State retirement pensions Research Tax rates and bands Cuts Budget March 2012 High income child benefit tax charge
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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