Proceeding contribution from Rachel Reeves (Labour) in the House of Commons on Thursday, 19 April 2012. It occurred during Debate on bill and Committee of the Whole House (HC) on Finance (No. 4) Bill (Clauses 1, 4, 8, 189 and 209, Schedules 1, 23 and 33, and new Clauses and new Schedules relating to value added tax).
(Clauses 1, 4, 8, 189 and 209, Schedules 1, 23 and 33, and new Clauses and new Schedules relating to value added tax)
We do not know what the economy will look like in three weeks, let alone in three years. The Government's choices are making our economic prospects worse and worse. In the past year, the Office for Budget Responsibility has had to revise down its forecast for UK growth three times. It is now expected to be a third less than it was a year ago. We will publish our manifesto before the next election, but it will be very different from Government Members' manifestos because we prioritise hard-working families, not a tax cut of £40,000 for 14,000 millionaires. That is why we will vote against the provision this evening.
Secondary information
- Type
- Proceeding contribution
- Reference
- 543 c550
- Session
- 2010-12
- Chamber / Committee
- House of Commons chamber
- Subjects
- Children Families Income tax Personal income Pensioners Tax allowances Taxation Tax rates and bands Age allowances High income child benefit tax charge
- Legislation
- Finance Bill 2010-12 to 2012-13
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2023-12-15 16:38:36 +0000
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