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Debate on bill on Monday, 16 April 2012, in the House of Commons, led by Danny Alexander. The answering member was Rachel Reeves.

Finance (No. 4) Bill

Finance (No. 4) Bill. Second reading debate agreed to on division (319 to 245). Programme motion agreed to on question. Carry over motion agreed to on division (319 to 241). [Relevant document: Uncorrected oral evidence taken before the Treasury Committee on Monday 26 and Tuesday 27 March 2012, Budget 2012, HC 1910 i-iii.]

Secondary information

Type
Parliamentary proceeding
Reference
543 c27-136 
Session
2010-12
Department
Treasury
Legislative stage
Second reading
Procedure
Programme motions
Carry-over motions
Chamber / Committee
House of Commons chamber
Related items
Proceeding contributions
Nia Griffith | 543 c57 (Link to this contribution) Does my right hon. Friend agree that what employers dislike is duplication of the various forms they...
George Howarth | 543 c57 (Link to this contribution) My hon. Friend is precisely right. I worked in industry on the shop floor prior to the introduction ...
Show all contributions (283)
Julian Smith | 543 c54 (Link to this contribution) Will my hon. Friend update the House on what contribution the financial sector makes to the tax take...
Mark Field | 543 c54 (Link to this contribution) My point was along the lines of that one. One difficulty occurs if all our trading nations are going...
Anne McGuire | 543 c55 (Link to this contribution) Will the hon. Gentleman give way?
Mark Field | 543 c54-5 (Link to this contribution) I am not sure I can, to be honest, but suffice it to say it is a significant amount. I can appreciat...
Mark Field | 543 c55 (Link to this contribution) If the right hon. Lady will forgive me, I would like to make some progress because others want to ge...
George Howarth | 543 c56-7 (Link to this contribution) It regularly seems to be my lot to follow the hon. Member for Cities of London and Westminster (Mark...
Mark Field | 543 c55-6 (Link to this contribution) I worry that too much of this tinkering will be counter-productive in any event and that the taperin...
George Howarth | 543 c61 (Link to this contribution) I am sure my hon. Friend is right, and, as I have said, I have an open mind on the subject. I fear,...
Baroness Burt of Solihull | 543 c60 (Link to this contribution) I cannot agree with the right hon. Gentleman about minimum pricing, because I think there is a lot o...
George Howarth | 543 c59-60 (Link to this contribution) The hon. Gentleman makes a useful point. I said that the system would be complex to administer, and ...
Christopher Chope | 543 c59 (Link to this contribution) Does the right hon. Gentleman realise that something like £100 million will be spent on administerin...
George Howarth | 543 c57-8 (Link to this contribution) I am grateful to the hon. Gentleman for having rebalanced his view slightly, but I still think that ...
Diana Johnson | 543 c61 (Link to this contribution) Minimum alcohol pricing alone is not a magic bullet. A range of other policies must be pursued, too,...
George Howarth | 543 c61 (Link to this contribution) I fear that I am at risk of straying into a separate debate, but I shall give way.
Diana Johnson | 543 c61 (Link to this contribution) Will my right hon. Friend give way?
George Howarth | 543 c60-1 (Link to this contribution) The hon. Lady makes an effective point. I am tempted to enter into a debate about what has happened ...
David Ward | 543 c64 (Link to this contribution) Does the hon. Gentleman agree that his call for a wider debate is necessary because universal benefi...
Christopher Chope | 543 c63-4 (Link to this contribution) My hon. Friend gives me the opportunity to hide behind the manifesto commitments made by the Conserv...
Russell Brown | 543 c67-8 (Link to this contribution) I want to look at what the Bill does for the economy, the country and the people of our nations. Wha...
Christopher Chope | 543 c64-7 (Link to this contribution) It is complicated, particularly as free school meals are obviously not a universal benefit. Child be...
Christopher Chope | 543 c62-3 (Link to this contribution) I agree with my hon. Friend that there is a lot to be said for simplification and stopping the churn...
Mark Field | 543 c63 (Link to this contribution) I know that my hon. Friend is a very brave man and I recall that Christchurch is the constituency wi...
Christopher Chope | 543 c63 (Link to this contribution) My hon. Friend makes a good point. As I said at a press conference organised by the Child Poverty Ac...
Jacob Rees-Mogg | 543 c62 (Link to this contribution) Does my hon. Friend agree that, in principle, it is right that we should not tax people highly then ...
Christopher Chope | 543 c61-2 (Link to this contribution) It is a pleasure to follow the right hon. Member for Knowsley (Mr Howarth). So far, this has been a ...
Stuart Bell | 543 c76 (Link to this contribution) The Minister shakes his head, but Italy and Spain were able to raise finance on the markets at a rea...
Stuart Bell | 543 c73-6 (Link to this contribution) It is a pleasure to follow the hon. Member for Macclesfield (David Rutley), who made a number of imp...
David Rutley | 543 c70-3 (Link to this contribution) Let's keep football out of this. Coming back to the Finance (No. 4) Bill, it is tremendous to have t...
David Rutley | 543 c70 (Link to this contribution) It is good to follow the hon. Member for Dumfries and Galloway (Mr Brown), who makes an important po...
Russell Brown | 543 c69-70 (Link to this contribution) I thank my hon. Friend for her intervention. There is no doubt that there are myriad different exper...
Sheila Gilmore | 543 c69 (Link to this contribution) Does my hon. Friend agree that many families are experiencing increases in mortgage rates? Increases...
Russell Brown | 543 c69 (Link to this contribution) Only in certain respects. The hon. Gentleman talks about mortgage interest rates; I am sure that he ...
Rachel Reeves | 543 c45 (Link to this contribution) The Labour party voted against the entire Finance Bill, including the cut in the 50p rate. On Wednes...
Jonathan Edwards | 543 c45 (Link to this contribution) The House has already divided on the 50p rate and the Labour party abstained. Was that a deliberate ...
Rachel Reeves | 543 c45 (Link to this contribution) I look forward to hearing how the right hon. Gentleman will be voting later this week.
Rachel Reeves | 543 c45-6 (Link to this contribution) I want the wealthy to pay their fair share in the deficit reduction, which is why I shall be voting ...
Anne McGuire | 543 c43 (Link to this contribution) Does my hon. Friend recognise that although the investments mentioned by the hon. Member for Skipton...
Rachel Reeves | 543 c43-4 (Link to this contribution) I thank my right hon. Friend for that intervention. It is good to hear from a Member who is a little...
Christopher Pincher | 543 c44 (Link to this contribution) The hon. Lady talks about the protection of privilege but this Government are increasing stamp duty ...
Rachel Reeves | 543 c44-5 (Link to this contribution) I support cracking down on tax avoidance, but let us stick with the policy of cutting the 50p rate. ...
Ben Wallace | 543 c47 (Link to this contribution) Does the hon. Lady agree that before people give money to charity, they must also fund their obligat...
Rachel Reeves | 543 c47 (Link to this contribution) We are serious about cracking down on tax avoidance, but tax avoidance is not the same as giving don...
Charlie Elphicke | 543 c47 (Link to this contribution) It is clear that we should crack down on tax avoidance, but I want to know whether the hon. Lady is ...
Rachel Reeves | 543 c47-8 (Link to this contribution) If the hon. Gentleman extended that logic, there would be no tax relief for giving to charities. I a...
David Gauke | 543 c46 (Link to this contribution) The hon. Lady will be aware that in last year's Budget, there was a measure to tackle tax avoidance ...
Rachel Reeves | 543 c46 (Link to this contribution) In Budget 2011, there was £1.1 billion-worth of tax avoidance measures, which is less than half the ...
Anne McGuire | 543 c46 (Link to this contribution) Does my hon. Friend agree that it might have been more appropriate for the Chancellor to discuss wit...
Rachel Reeves | 543 c50 (Link to this contribution) The hon. Gentleman was not in the House earlier when it was mentioned that between 1997 and 2007, th...
Rachel Reeves | 543 c50-1 (Link to this contribution) My understanding is that the Government parties matched us on spending and often called for addition...
Russell Brown | 543 c50 (Link to this contribution) My hon. Friend has hit the nail on the head. Government Members talk about the Labour Government's o...
Diana Johnson | 543 c48 (Link to this contribution) My hon. Friend mentioned the lack of consultation with business. Businesses want to plan and are try...
Rachel Reeves | 543 c48-50 (Link to this contribution) My hon. Friend speaks from her knowledge of her constituency in Hull and of the East Riding of Yorks...
Edward Leigh | 543 c50 (Link to this contribution) If the 50p tax rate was such a painless revenue raiser, why did the Labour Government take 13 years ...
Rachel Reeves | 543 c50 (Link to this contribution) As the Chancellor once said, we are all in it together, and if we have a deficit to reduce it is rig...
Christopher Pincher | 543 c48 (Link to this contribution) Earlier the hon. Lady was extolling the virtues of the United States. She will know that even the US...
Ed Balls | 543 c53 (Link to this contribution) I think I agree with hon. Gentleman on that point. As I understand it, he is saying that he agrees w...
Mark Field | 543 c53 (Link to this contribution) The important thing that the hon. Lady needs to recognise is that there is a distinction, as I said ...
Baroness Clark of Kilwinning | 543 c53 (Link to this contribution) Is the hon. Gentleman not aware that the USA has pursued different economic policies from the UK? It...
Baroness Clark of Kilwinning | 543 c53 (Link to this contribution) We heard those arguments in the 1980s and they have been looked at many times. Does the hon. Gentlem...
Mark Field | 543 c53 (Link to this contribution) I am making a comparison over the limited phase of the past two or three years. Why have we seen the...
Julian Smith | 543 c53 (Link to this contribution) Does my hon. Friend agree that that does not just apply to the US? Recently, Italy and Germany have ...
Mark Field | 543 c53 (Link to this contribution) My hon. Friend is absolutely right, particularly in respect of the German model for the micro-sized ...
Rachel Reeves | 543 c51 (Link to this contribution) My hon. Friend speaks on behalf of the thousands of young people in Feltham and Heston who have been...
Mark Field | 543 c51-3 (Link to this contribution) I want to make a brief contribution to this important debate. The phrase that comes to mind is ““som...
Seema Malhotra | 543 c51 (Link to this contribution) I thank my hon. Friend for referring to Labour's idea of increasing jobs for the young through a tax...
Julian Sturdy | 543 c77-9 (Link to this contribution) It is a real privilege to be called in such an important Second Reading debate and to follow the hon...
Lord Mann | 543 c79 (Link to this contribution) Does the hon. Gentleman know that when the Government came in, unleaded petrol was 119p a litre? How...
David Gauke | 543 c76 (Link to this contribution) I do not want the eurozone to fail, but this is not the week for us to be complacent.
Stuart Bell | 543 c76-7 (Link to this contribution) I was able to drink my glass of water during that intervention, so it was appropriately timed. I pr...
Julian Sturdy | 543 c79 (Link to this contribution) I hope that some of the hon. Gentleman's friends might support me in Copmanthorpe—you never know. He...
Nia Griffith | 543 c79 (Link to this contribution) Has the hon. Gentleman asked the Chief Secretary why a rebate seems to be available in some parts of...
Julian Sturdy | 543 c79 (Link to this contribution) I was going on to say that we must be realistic. However, if we had continued over the two years wit...
Lord Mann | 543 c79 (Link to this contribution) Some of my family originate from Copmanthorpe in the hon. Gentleman's constituency, and petrol is so...
Julian Sturdy | 543 c79 (Link to this contribution) Obviously, as a north Yorkshire MP who represents a rural constituency, I understand the impact of f...
David Rutley | 543 c79 (Link to this contribution) Is my hon. Friend aware that every penny reduction in the fuel duty allowance costs half a billion p...
Julian Sturdy | 543 c79-80 (Link to this contribution) My hon. Friend is right that any cut in fuel duty or reduction in potential rises that are coming do...
Neil Parish | 543 c80 (Link to this contribution) My hon. Friend makes a good case for reducing fuel duty, especially in rural areas. However, I also ...
Julian Sturdy | 543 c80-1 (Link to this contribution) I agree. Raising tax thresholds will be hugely helpful, and I will speak about that later. My hon. F...
Stewart Hosie | 543 c81 (Link to this contribution) Before I begin my remarks on the Bill, may I make one small comment on the contribution of the hon. ...
Owen Smith | 543 c81 (Link to this contribution) Of course my hon. Friend the Member for Leeds West (Rachel Reeves) was not in any way challenging th...
Stewart Hosie | 543 c81-5 (Link to this contribution) Indeed—the caravan sector has my sympathy and support in attempting to change that decision. There ...
Lord Harrington of Watford | 543 c85-6 (Link to this contribution) I intend to address my remarks not to the Finance Bill generally, but to the part relating to charit...
Lord Harrington of Watford | 543 c86 (Link to this contribution) I am delighted that the hon. Gentleman agrees with me. It had to happen sooner or later in my politi...
Lord Mann | 543 c86 (Link to this contribution) I totally support the hon. Gentleman and the Chancellor on this specific matter. Does he not find it...
Jacob Rees-Mogg | 543 c101 (Link to this contribution) My hon. Friend talks about someone winning £1 million on the national lottery but a £1 million win o...
Stephen Williams | 543 c100-1 (Link to this contribution) Yes. I welcome my hon. Friend's intervention. When I met representatives of the Federation of Small ...
Stephen Williams | 543 c101 (Link to this contribution) I am trying to think whether my hon. Friend has caught me out on a provision, but I am not sure that...
Stephen Williams | 543 c102 (Link to this contribution) I welcome my hon. Friend's addressing the fact that the tax system should be fair in how different i...
Bob Stewart | 543 c102 (Link to this contribution) My problem is that I do not quite understand how it works so perhaps my hon. Friend will correct me....
Stephen Williams | 543 c102-3 (Link to this contribution) I intended to give a speech on the Bill this evening rather than a broad-ranging tutorial on how the...
Nia Griffith | 543 c103-4 (Link to this contribution) I rise to say a few of the things I was unable to say just before the recess because my speech was l...
Bob Stewart | 543 c104 (Link to this contribution) Does the hon. Lady agree that, from the point of view of fairness, it is a really good thing to incr...
Nia Griffith | 543 c104-5 (Link to this contribution) The difficulty with raising the personal tax allowance is, first, that those on very low incomes—tho...
Jonathan Edwards | 543 c89 (Link to this contribution) Does the hon. Lady agree that what we are hearing from the Government Benches proves that the politi...
Baroness Clark of Kilwinning | 543 c88-9 (Link to this contribution) It is a pleasure to follow the hon. Member for Watford (Richard Harrington). He made an interesting ...
Lord Harrington of Watford | 543 c86-8 (Link to this contribution) I agree very much with what the hon. Gentleman says, but when it comes to it, that aspect is not suc...
Edward Leigh | 543 c93-5 (Link to this contribution) I do not want to ruin my argument and I do not want to lose any support that I might have from my fr...
Baroness Clark of Kilwinning | 543 c89-90 (Link to this contribution) When we look at history, we see that, during economic crises, those on the right argue for policies ...
Edward Leigh | 543 c90-2 (Link to this contribution) Everything that the hon. Member for North Ayrshire and Arran (Katy Clark) says would be fair enough ...
Anne Marie Morris | 543 c100 (Link to this contribution) Given the hon. Gentleman's interest in small businesses, does he welcome, as I do, the new provision...
Diana Johnson | 543 c95-9 (Link to this contribution) It is a pleasure to follow the hon. Member for Gainsborough (Mr Leigh), who made a valiant effort to...
Stephen Williams | 543 c99-100 (Link to this contribution) I wish to make only a short speech in support of giving this Bill a Second Reading, because I made a...
Lord Mann | 543 c125 (Link to this contribution) What a shambles! What a catastrophe! I refer not to this debate, but to the career prospects of the ...
Lord Mann | 543 c125 (Link to this contribution) I awaited the Chancellor's response to my offer. Was it the brown sauce, was it the red sauce or was...
Jonathan Edwards | 543 c124 (Link to this contribution) I have admitted that we proposed amendments in 2005, 2008 and 2011. The hon. Gentleman is right that...
Russell Brown | 543 c124 (Link to this contribution) The hon. Gentleman has mentioned dates when proposals were put forward. There was one year, 2006, I ...
Jonathan Edwards | 543 c125 (Link to this contribution) I will not give way; I am sure that the Front Benchers want to get on with their summing up. My par...
Jacob Rees-Mogg | 543 c128 (Link to this contribution) Will the hon. Gentleman give way?
Owen Smith | 543 c126-8 (Link to this contribution) What a pleasure it is to follow that barnstorming speech by my hon. Friend the Member for Bassetlaw ...
Lord Mann | 543 c126 (Link to this contribution) I suspect that the reason was that he had not worked out the cost of fuel since he has been Chancell...
David Ward | 543 c125 (Link to this contribution) Will the hon. Gentleman give way?
David Gauke | 543 c129 (Link to this contribution) We have had a wide-ranging debate, and I thank the 20 Back Benchers who contributed. Many of the spe...
Owen Smith | 543 c129 (Link to this contribution) Perhaps the hon. Lady could remind us whether it was 48 days before the election, or just before tha...
Baroness Burt of Solihull | 543 c128 (Link to this contribution) The hon. Gentleman talks about the 50p tax rate, which his party's Government introduced. I cannot r...
Owen Smith | 543 c128 (Link to this contribution) All that we know is what is written on page 52 of the review by Her Majesty's Revenue and Customs of...
Jacob Rees-Mogg | 543 c128 (Link to this contribution) Even though the economics editor of the BBC says it, it does not necessarily mean it is so. The hon....
Matt Hancock | 543 c118-9 (Link to this contribution) Does my hon. Friend agree that those who do not look at these dynamic effects of tax changes will al...
Charlie Elphicke | 543 c116 (Link to this contribution) Will the right hon. Lady give way?
Baroness Burt of Solihull | 543 c117 (Link to this contribution) I was reflecting, perhaps a little more vocally than I should have from a sedentary position, on the...
Anne McGuire | 543 c116-7 (Link to this contribution) No, I have been generous enough with the hon. Gentleman. Also hidden in the statement was the annou...
Jacob Rees-Mogg | 543 c118 (Link to this contribution) It is a great pleasure to have this opportunity to speak in favour of the Finance Bill, which shows ...
Anne McGuire | 543 c117-8 (Link to this contribution) I almost wish that I had not heard the comment that the hon. Lady made from a sedentary position. Wh...
Jacob Rees-Mogg | 543 c118 (Link to this contribution) Very simply, because £150 billion extra has not got to be borrowed. Forecasts of what may happen are...
Nia Griffith | 543 c118 (Link to this contribution) Why, therefore, has £150 billion had to be borrowed, and how can the hon. Gentleman measure that as ...
Owen Smith | 543 c118 (Link to this contribution) Does the hon. Gentleman therefore agree that it is equally uncertain that the revenue to be lost as ...
Claire O'Neill | 543 c119 (Link to this contribution) I thank my hon. Friend for making that point about thresholds. Does he share my pleasure in the fact...
Jacob Rees-Mogg | 543 c119 (Link to this contribution) My hon. Friend is absolutely spot-on, because every single socialist Government this country has eve...
Charlie Elphicke | 543 c120 (Link to this contribution) Does my hon. Friend agree that it is odd that fish and chips should be subject to VAT but pasties sh...
Jacob Rees-Mogg | 543 c120 (Link to this contribution) That is rather contorted logic. Saying that one aspect of the activities of a big and thriving busin...
Ian Mearns | 543 c120 (Link to this contribution) I wonder whether the hon. Gentleman would mind reflecting on the situation of the Greggs Foundation,...
Jacob Rees-Mogg | 543 c119-20 (Link to this contribution) That is a tremendously important point, because we have heard some complaints that couples, where bo...
Sheila Gilmore | 543 c121-2 (Link to this contribution) After that version of what the Budget holds, it is worth quoting another, as today's editorial in Th...
Jacob Rees-Mogg | 543 c121 (Link to this contribution) I do not believe that the law has a spirit; that is unduly philosophical for my view of tax law. Tax...
Barry Gardiner | 543 c121 (Link to this contribution) Does the hon. Gentleman therefore disagree with the Chancellor, who said on Budget day that he wante...
Jacob Rees-Mogg | 543 c120-1 (Link to this contribution) I agree with my hon. Friend that VAT is a tax of immense complexity. However, it is an essential tax...
Charlie Elphicke | 543 c113-4 (Link to this contribution) It is common ground on both sides of the House to support the patent box; in fact, I seem to recall ...
Barry Gardiner | 543 c112 (Link to this contribution) Could the hon. Gentleman enlighten the House as to his view of the patent box? The Chancellor first ...
Anne McGuire | 543 c114 (Link to this contribution) It is a pleasure to follow the hon. Member for Dover (Charlie Elphicke). I am always interested to h...
Charlie Elphicke | 543 c112 (Link to this contribution) Is the hon. Gentleman making that commitment—yes or no?
Owen Smith | 543 c112 (Link to this contribution) No, I am explaining to the hon. Gentleman that the Finance Bill, supported by the Chancellor, contai...
Charlie Elphicke | 543 c112 (Link to this contribution) Aid charities have made the case that corporations headquartered in the UK should be paying more tax...
Charlie Elphicke | 543 c111 (Link to this contribution) I thank my hon. Friend for her point. My point, in this case, is that we should widen the anti-avoid...
Owen Smith | 543 c112 (Link to this contribution) I am following the hon. Gentleman's argument with great interest. Will he confirm whether he plans t...
Anne McGuire | 543 c116 (Link to this contribution) Frankly, the increase in the state pension came about because inflation was at 5.2% in September and...
Charlie Elphicke | 543 c116 (Link to this contribution) Will the right hon. Lady give way?
Anne McGuire | 543 c116 (Link to this contribution) I would love to give way to the hon. Gentleman.
Mark Reckless | 543 c115 (Link to this contribution) The right hon. Lady accuses Conservative Members of not saying anything about tax avoidance, yet I h...
Anne McGuire | 543 c115-6 (Link to this contribution) The problem is that the measure was paraded as a bit of camouflage for the reduction in tax for thos...
Anne McGuire | 543 c114-5 (Link to this contribution) I want to make some progress. The test of a Budget is not the easy headlines on the day of the anno...
Barry Gardiner | 543 c114 (Link to this contribution) If my right hon. Friend looks at all the Budget measures put through by the Labour Government, she w...
Anne McGuire | 543 c114 (Link to this contribution) My hon. Friend the Member for Leeds West (Rachel Reeves) dealt ably with that point earlier today, a...
George Howarth | 543 c108 (Link to this contribution) I fully support my hon. Friend's point about a cut in VAT on home repairs. Does she accept that beca...
Nia Griffith | 543 c107-8 (Link to this contribution) If the hon. Gentleman had been listening earlier, he would have heard me explain that those people h...
Charlie Elphicke | 543 c108 (Link to this contribution) Can the hon. Lady tell the House exactly how many pensioners in her constituency who earn more than ...
Nia Griffith | 543 c108 (Link to this contribution) That is extremely worrying, because there is not much point in having VAT on anything if it is not c...
Nia Griffith | 543 c108-9 (Link to this contribution) I can certainly tell the hon. Gentleman that over the whole country, 4.4 million pensioners who earn...
Baroness Brown of Silvertown | 543 c105 (Link to this contribution) Does my hon. Friend agree that part of the problem is that people in that situation have not realise...
Nia Griffith | 543 c105-6 (Link to this contribution) My hon. Friend is absolutely right. The frightening thing is that we have not seen anything yet. The...
Nia Griffith | 543 c106-7 (Link to this contribution) I certainly applaud measures to give young people the opportunity to take out loans to start up busi...
Lord Jackson of Peterborough | 543 c107 (Link to this contribution) What does the hon. Lady say to the 810,000 people in the eastern region who are better off because t...
Baroness Burt of Solihull | 543 c111 (Link to this contribution) I totally agree with every word that the hon. Gentleman has said so far. Does he share my concern th...
Charlie Elphicke | 543 c111 (Link to this contribution) The law requires change. The avoidance might be legal, but HMRC is understood to be investigating a ...
Jacob Rees-Mogg | 543 c111 (Link to this contribution) Can we be clear that the problem is the law and not the avoidance—the avoidance is legal, but the la...
Lord Jackson of Peterborough | 543 c109 (Link to this contribution) I must remind the hon. Lady about the deficit. The previous Labour Government ran a structural and a...
Nia Griffith | 543 c109-10 (Link to this contribution) The hon. Gentleman knows perfectly well that, until 2008, we were reducing the national debt. Obviou...
Charlie Elphicke | 543 c110-1 (Link to this contribution) I am grateful to my hon. Friend for anticipating the next part of my speech, but let me first give s...
Jacob Rees-Mogg | 543 c111 (Link to this contribution) Did those companies pay the tax required by law?
Charlie Elphicke | 543 c110 (Link to this contribution) It is a pleasure to follow the detailed and forensic speech of the hon. Member for Llanelli (Nia Gri...
Bob Stewart | 543 c110 (Link to this contribution) So we are going to sort this, are we? Will it be sorted as soon as possible so that it does not happ...
David Gauke | 543 c130 (Link to this contribution) The provision on cable cars applies not only in Aviemore, but in, for example, the Isle of Wight and...
Ian Lucas | 543 c129 (Link to this contribution) If the Government believe that it is not right to give tax concessions, why have they given skiers i...
Owen Smith | 543 c131 (Link to this contribution) Will the Exchequer Secretary confirm that the HMRC report on the 50p rate stated on no fewer than th...
David Gauke | 543 c131-2 (Link to this contribution) Both HMRC and the OBR have made a central estimate, and that is what we have used. I am sorry it doe...
David Gauke | 543 c130-1 (Link to this contribution) No. I am going to make more progress. Returning to the age-related allowance, it will remain the ca...
David Gauke | 543 c130 (Link to this contribution) We inherited the biggest deficit in our history and have taken measures—through both spending and ta...
Danny Alexander | 543 c27 (Link to this contribution) I will take interventions, but I will make some progress first. This Finance Bill sets out wide-ran...
Ian Lucas | 543 c27 (Link to this contribution) Will the Chief Secretary give way?
Speaker | 543 c27 (Link to this contribution) I explain for the benefit of the House that the amendment has not been selected.
Rachel Reeves | 543 c31 (Link to this contribution) Will the Chief Secretary confirm the Institute for Fiscal Studies' numbers showing that with the cha...
Danny Alexander | 543 c32 (Link to this contribution) I am glad that the hon. Gentleman at least recognises that we made clear in our election manifesto o...
Penny Mordaunt | 543 c33 (Link to this contribution) Can my right hon. Friend confirm that the measures in the Budget will raise five times more than cha...
Danny Alexander | 543 c32 (Link to this contribution) It is important that the House is clear about what is being proposed. What we are proposing is a lim...
Danny Alexander | 543 c31 (Link to this contribution) No, I will not confirm those figures. According to my figures, 23 million individuals will be better...
Russell Brown | 543 c31 (Link to this contribution) I assure the Chief Secretary that I have cooled down—I do not take much cooling down. In the run-up ...
Danny Alexander | 543 c31 (Link to this contribution) I will take one more intervention from the hon. Gentleman, who has not cooled down.
Danny Alexander | 543 c33 (Link to this contribution) My hon. Friend is absolutely right about that. The figures in the Budget book, certified by the inde...
Danny Alexander | 543 c33 (Link to this contribution) With this measure we are trying to strike the right balance between having a proper system of tax re...
Andrew Love | 543 c33 (Link to this contribution) How does the right hon. Gentleman square the policy that he has just enunciated with the objectives ...
Danny Alexander | 543 c34 (Link to this contribution) I thank my hon. Friend for his support, but I cannot confirm that intention at this stage. We have a...
Mark Field | 543 c34 (Link to this contribution) I perhaps have more sympathy than many of my colleagues with the idea of the charity tax that is bei...
Danny Alexander | 543 c34 (Link to this contribution) No, I am going to press on and address the question of the 50p rate. When I have done so, the hon. G...
Owen Smith | 543 c34 (Link to this contribution) Will the right hon. Gentleman give way?
Danny Alexander | 543 c34 (Link to this contribution) No, I want to make some progress, and the hon. Member for Pontypridd (Owen Smith) has already interv...
Rachel Reeves | 543 c34 (Link to this contribution) Will the right hon. Gentleman give way?
Danny Alexander | 543 c33 (Link to this contribution) First, the hon. Gentleman should study the figures based on the tax system from 2010-11, under the t...
Owen Smith | 543 c33 (Link to this contribution) Before the right hon. Gentleman moves off the 50p rate completely, can he explain to the House why t...
Ian Lucas | 543 c27 (Link to this contribution) Will the Chief Secretary give way?
Ian Lucas | 543 c27 (Link to this contribution) On the question of fairness, why has the right hon. Gentleman allowed a VAT concession for skiers go...
Lord Redwood | 543 c28 (Link to this contribution) When the Government proposed VAT on pasties, did they feel they needed to do that to protect other V...
Danny Alexander | 543 c27 (Link to this contribution) I am not aware of the particular issue that the hon. Gentleman mentions. He has not raised it direct...
Russell Brown | 543 c28 (Link to this contribution) Is the Chief Secretary now in a position—he was not in the early days after the announcement—to clar...
Danny Alexander | 543 c28 (Link to this contribution) No, that is not what is in our mind. It is one of a number of anomalies in the VAT system that we ad...
Danny Alexander | 543 c28 (Link to this contribution) I will give the hon. Gentleman time to cool down, if he likes. He will know that a draft statutory i...
Graham Stuart | 543 c28 (Link to this contribution) This is a Budget for jobs—it lowers corporation tax and takes some people out of tax altogether. Tha...
Danny Alexander | 543 c29 (Link to this contribution) I am grateful to my hon. Friend for raising that point. I know that it is a matter of concern to sev...
Danny Alexander | 543 c29-30 (Link to this contribution) I am grateful to my hon. Friend for his support for our measures on corporation tax. The fact that t...
Charlie Elphicke | 543 c29 (Link to this contribution) On that point, it is incredibly important that the Government are reducing the rate of corporation t...
Graham Stuart | 543 c29 (Link to this contribution) Will my right hon. Friend give way again?
Danny Alexander | 543 c31 (Link to this contribution) My right hon. Friend is right that the single most significant measure in the Budget was the largest...
Simon Hughes | 543 c31 (Link to this contribution) Some of us have been frustrated in recent weeks that that point has been obscured by bigger press re...
Danny Alexander | 543 c31 (Link to this contribution) I shall finish my response to the previous intervention before gladly taking another one. By far th...
Rachel Reeves | 543 c40-1 (Link to this contribution) Between 1997 and 2007 this country's debt ratio fell from 42.5% to 36% of GDP, so the debt burden fe...
Rachel Reeves | 543 c39-40 (Link to this contribution) This Government are borrowing an extra £150 billion because of the costs of their economic failure. ...
Graham Stuart | 543 c40 (Link to this contribution) On the subject of others overtaking us, the hon. Lady will be aware that the right hon. Member for K...
Rachel Reeves | 543 c39 (Link to this contribution) I believe that a temporary cut in VAT back down to 17.5% and a national insurance holiday for all sm...
Charlie Elphicke | 543 c39 (Link to this contribution) How would the hon. Lady pay for those pledges, and how much they would cost?
Rachel Reeves | 543 c38-9 (Link to this contribution) This Finance Bill is so flawed, so unfair and so inadequate a response to the problems now facing th...
Lord Redwood | 543 c39 (Link to this contribution) What tax cut does the hon. Lady think would do most to promote economic recovery?
Frank Dobson | 543 c37 (Link to this contribution) Will the Chief Secretary give way?
Danny Alexander | 543 c37 (Link to this contribution) Very simply, for the reason that I have given several times today. We are raising five times more fr...
Charlie Elphicke | 543 c42 (Link to this contribution) The hon. Lady can correct me if I am wrong, but my reading of the IFS's analysis is that it says tha...
Rachel Reeves | 543 c42 (Link to this contribution) The analysis of the measures in the Budget shows that the changes to the personal threshold are not ...
Julian Smith | 543 c42 (Link to this contribution) Does the hon. Lady agree that at the moment business confidence is key? I was surprised that at the ...
Rachel Reeves | 543 c42-3 (Link to this contribution) The hon. Gentleman said that investment is coming to Britain, but business investment fell by 2% las...
Simon Hughes | 543 c41 (Link to this contribution) Has the hon. Lady seen the OECD reports, which make it clear that raising tax thresholds is a far mo...
Rachel Reeves | 543 c41 (Link to this contribution) The right hon. Gentleman would do well to look at the analysis by the Institute for Fiscal Studies, ...
Simon Hughes | 543 c41-2 (Link to this contribution) Of course some pensioners will not benefit, but some will. Some pensioners receive an income on whic...
Rachel Reeves | 543 c42 (Link to this contribution) That is just not true and it is not accurate. A reduction in VAT helps people who do not pay income ...
Jacob Rees-Mogg | 543 c41 (Link to this contribution) If the hon. Lady is so doubtful about an increase in consumption leading to economic growth, why doe...
Rachel Reeves | 543 c41 (Link to this contribution) The point I am making is that the consumption growth forecast for this Parliament is being funded by...
Danny Alexander | 543 c35 (Link to this contribution) Let me answer the hon. Lady's point. Reform of the system was necessary. It was one of the hard deci...
Sheila Gilmore | 543 c35 (Link to this contribution) This is a matter of fairness. I am not talking about the tapering off of tax credits at the top end,...
Danny Alexander | 543 c34-5 (Link to this contribution) I explained in the Budget debate that reforms to tax credits were necessary to deal with the rapidly...
Julian Smith | 543 c35 (Link to this contribution) Will the right hon. Gentleman give way?
Danny Alexander | 543 c35 (Link to this contribution) I notice from the matters for debate selected by the hon. Lady's Front-Bench colleagues for the next...
Danny Alexander | 543 c35 (Link to this contribution) I shall return to the subject of tax avoidance and I want to make some progress, as I know many hon....
Sheila Gilmore | 543 c34 (Link to this contribution) Over the Easter recess, did the right hon. Gentleman have a chance to reflect on the question that I...
Sheila Gilmore | 543 c34 (Link to this contribution) Will the right hon. Gentleman give way?
Danny Alexander | 543 c36-7 (Link to this contribution) As the report from Her Majesty's Customs and Excise, certified by the independent Office for Budget ...
Rachel Reeves | 543 c37 (Link to this contribution) Will the right hon. Gentleman give way?
Danny Alexander | 543 c37 (Link to this contribution) No, I want to make some progress. The hon. Lady has intervened twice on this subject, and her collea...
Danny Alexander | 543 c37 (Link to this contribution) I will give way to the representative of the Scottish National party who might have new light to she...
Stewart Hosie | 543 c37 (Link to this contribution) As a result of the 5p tax cut, the next four years will see a loss of revenue yield amounting to £35...
Danny Alexander | 543 c36 (Link to this contribution) I will, but then I am going to make some progress.
Julian Smith | 543 c36 (Link to this contribution) The Yorkshire Post has recently established that the police chief constables' body ACPO—the Associat...
Danny Alexander | 543 c36 (Link to this contribution) I certainly can confirm that, and I shall bring some proposals before the House in due course. The h...
Rachel Reeves | 543 c36 (Link to this contribution) Figures released by the Treasury today show that of those people earning more than £10 million, 72% ...
Christopher Chope | 543 c55 (Link to this contribution) I think that my hon. Friend and I share similar views on this. Does he accept that if, for example, ...
Mark Field | 543 c57 (Link to this contribution) No one is suggesting that we should try to encourage some sort of sweatshop regime; but equally, dur...
Mark Field | 543 c63 (Link to this contribution) I think my hon. Friend and I agree that one of the most important tasks for any Government is to get...
Lord Mann | 543 c70 (Link to this contribution) But Macclesfield is about to be relegated.
Nick de Bois | 543 c68 (Link to this contribution) The hon. Gentleman would do well to reflect on one thing that would really hurt families: it would b...
Simon Hughes | 543 c45 (Link to this contribution) The hon. Lady was not a Member in the last Parliament, and she used a phrase that I find a bit rich....
Rachel Reeves | 543 c47 (Link to this contribution) Perhaps the hon. Gentleman has a clue what is going on with the Government's policy on charities tax...
Jonathan Edwards | 543 c124 (Link to this contribution) I intend to make only a short speech, concentrating on fuel prices. Plaid Cymru has been consistent ...
Sheila Gilmore | 543 c122-4 (Link to this contribution) And we heard a great deal about it from the hon. Member for Bristol West (Stephen Williams). I would...
Owen Smith | 543 c128 (Link to this contribution) I will in a moment, because the hon. Gentleman has some interesting perspectives on the value of the...
Jacob Rees-Mogg | 543 c118 (Link to this contribution) I am grateful to the hon. Gentleman for making that point, because I think the reduction from 50p to...
Charlie Elphicke | 543 c112 (Link to this contribution) The hon. Gentleman will know, first, that that means that we will get more tax in the UK and, second...
Anne Marie Morris | 543 c106 (Link to this contribution) May I take it, therefore, that the hon. Lady welcomes the new scheme in this Budget that will enable...
Charlie Elphicke | 543 c111 (Link to this contribution) My hon. Friend makes a fair point. The companies would answer that they did pay the tax required by ...
Owen Smith | 543 c130 (Link to this contribution) Will the Exchequer Secretary confirm—we asked one of his colleagues to confirm this earlier—that, on...
Baroness McIntosh of Pickering | 543 c30 (Link to this contribution) My right hon. Friend might have noticed that most of the enterprise zones are in urban areas. We hav...
Rachel Reeves | 543 c47 (Link to this contribution) I thank my right hon. Friend for that intervention. She is absolutely right: instead of the Governme...
David Ward | 543 c50 (Link to this contribution) Is it not true, though, that the Labour Government were running a deficit before the recession? Why ...
Rachel Reeves | 543 c48 (Link to this contribution) In the US there is much more generous tax relief for legacies, for example, so it is a very differen...
Charlie Elphicke | 543 c102 (Link to this contribution) There is one thing that troubles me. The average income in my constituency is below £20,000 a year, ...
Charlie Elphicke | 543 c92-3 (Link to this contribution) Does my hon. Friend not think that politicians should give a lead? It is not just Ken Livingstone wh...
Charlie Elphicke | 543 c116 (Link to this contribution) I do hope the right hon. Lady will forgive me for breaking into her ad hominem attacks on just about...
Danny Alexander | 543 c27 (Link to this contribution) I beg to move, That the Bill be now read a Second time. This year's Finance Bill is the next step i...
David Ruffley | 543 c32 (Link to this contribution) Many charities, including the Suffolk Foundation, estimate that the cap on tax reliefs will lead to ...
Danny Alexander | 543 c29 (Link to this contribution) No, I will make some progress, because, as my hon. Friend also said, and as the House knows, the Gov...
Danny Alexander | 543 c30-1 (Link to this contribution) I recognise my hon. Friend's concern. On churches, she will be aware that, as we said in the Budget,...
Danny Alexander | 543 c37-8 (Link to this contribution) No. I have been speaking for a long time, and I am going to make some progress now. We have set our...
Danny Alexander | 543 c34 (Link to this contribution) I am just responding to the previous intervention, if the hon. Lady will just hold her horses for a ...
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 Parliamentary proceeding on www.publications.parliament.uk