Baroness Clark of Kilwinning
Main Page: Baroness Clark of Kilwinning (Labour - Life peer)Department Debates - View all Baroness Clark of Kilwinning's debates with the HM Treasury
(12 years, 7 months ago)
Commons ChamberI have already given way to the hon. Gentleman and to the hon. Lady, and I want to make some progress.
The right hon. Gentleman will be aware that while the living standards of those on low and medium incomes are going down, the wealth of the super-rich is going up. Will he give an undertaking that he will take action on this issue, and that the gap between rich and poor will be smaller by the next election?
The Government have taken on the issue of ensuring that the wealthiest pay a greater share, to ensure that there is fairness in our deficit reduction plans. For example, we have increased capital gains tax and put in place the new bank levy that I have mentioned. We have also maintained the 50p rate of income tax. We are making substantial changes to ensure that the wealthiest pay their fair share.