Baroness Primarolo
Main Page: Baroness Primarolo (Labour - Life peer)Department Debates - View all Baroness Primarolo's debates with the HM Treasury
(12 years, 9 months ago)
Commons ChamberOrder. The right hon. Gentleman will not shout across the Chamber at somebody who is speaking. If he wishes to intervene, he should do it in the normal way. That applies to all hon. Members.
The other major announcement is the top rate of income tax reducing from 50p to 45p for those earning more than £150,000. To do that, given the current state of public finances and the economic situation, is simply wrong and unfair. I do not understand why the Liberal Democrats have agreed to that when it will deliver a £40,000 windfall to 14,000 people. That helps the wealthiest, which always seems affordable to the Government. Boardroom pay rose by 49% last year; the bonus season is running riot—we are not all in this together. It is austerity for the many and wealth for the few.
I will make some progress, thank you. I told people that I would try to ensure that we made progress on raising the personal allowances for everyone in this country, including the lowest-paid. I am particularly proud to see that the Chancellor has done that, and I am quite sure that every coalition Member will warmly welcome it.
I wish briefly to touch on one thing I would very much have liked the Chancellor to do, which is to tackle the issue of the beer duty escalator. In the Strangers Bar, one of the finest ales, Enville ale, is currently on sale as one of the guest ales. I encourage everyone to ensure that they have a pint of Enville ale, a fine beer but one from which I am quite sure we would raise just as much duty if we got rid of the beer duty escalator. I put in a plea for that, and it would be very much appreciated.
I welcome the news that we are going to have a national centre for aerodynamics. Again, that will support manufacturing, but let us ensure that it is in South Staffordshire. We have an aerospace industry that is highly dynamic and—
Order. Eight speakers have indicated that they wish to speak, so I am taking the time limit down to eight minutes. I hope that Members will be courteous to everyone else in the Chamber, so that we can ensure that everybody who has applied to speak today gets in this evening.