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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)

Not many Governments would want to take credit for the fact that inflation has reached 5.3%. Pensions have had to rise by just over £5 to compensate for the increase in the cost of living for pensioners. The Government increased VAT and took no action to tackle excessive gas and electricity bills, and that is why inflation is so high for ordinary working families and pensioners.

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