Lord Robathan
Main Page: Lord Robathan (Conservative - Life peer)Department Debates - View all Lord Robathan's debates with the HM Treasury
Higher Earners: Emigration
Lord Robathan Excerpts(2 months ago)
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Lord Livermore (Lab)
I would just point out to the noble Baroness that the vast majority of people on benefits, as she puts it, are also in work—working hard every day to provide for their families. It is quite right that the state should help them to do so.
Lord Robathan (Con)
My Lords, the point is that £100,000 is not a huge amount of money. I am glad that the Labour Peers want to pay, but it is very important to encourage people to stay here to keep their money in the country. If they are taxed beyond belief, they will leave. That is not just any old Conservative Peer but people throughout the streets. The Minister must know that, but does he agree?
Lord Livermore (Lab)
The noble Lord says that £100,000 is not very much money. He may like to know that average earnings are around £33,000, which is well below the higher-rate threshold, and around 80% of taxpayers pay only the basic rate.