(1 day, 13 hours ago)
Lords ChamberThe Department for Business and Trade has set out our measures to try and prevent that from happening, and it will continue to monitor it, as you would expect it to.
My Lords, broadening the topic on taxation a little, at the weekend the Transport Secretary said that in Labour’s manifesto it committed not to put up taxes on people on modest incomes. Can the noble Lord tell us the Treasury’s definition of a modest income?
The Government have pledged not to increase taxes on working people, which is why we are not increasing income tax, national insurance contributions or VAT.