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Proceeding contribution from Rachel Reeves (Labour) in the House of Commons on Monday, 16 April 2012. It occurred during Debate on bill on Finance (No. 4) Bill.

Finance (No. 4) Bill

The right hon. Gentleman would do well to look at the analysis by the Institute for Fiscal Studies, which shows that the increase in the personal tax allowance most benefits those who are in the second highest income decile. Increasing the income threshold is not a progressive policy; in fact, pensioners do not benefit from it at all, and nor do people who are on such low incomes that they do not pay income tax—[Interruption.] The right hon. Gentleman says something from a sedentary position. I am happy to take another intervention if he wants to dispute the analysis of the IFS.

Secondary information

Type
Proceeding contribution
Reference
543 c41 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Child benefit Alcoholic drinks Charities Business Corporation tax Banks Caravans Air passenger duty Housing Donors Income tax Excise duties Fuels Fiscal policy Economic situation Foreign companies Pension credit Personal income Pensioners Low incomes Pensions Prices Welfare tax credits Small businesses Tax allowances Tax avoidance Taxation VAT Stamp duties Tax rates and bands Stamp duty land tax Age allowances
Legislation
Finance Bill 2010-12 to 2012-13
Link
View this Proceeding contribution on www.publications.parliament.uk