Oral Answers to Questions

Debate between David Gauke and Lord Barwell

Tuesday 12th March 2013 Commons Chamber

[Mr Gauke]

The purpose of income tax is to raise money to fund public services. The 50p rate of income tax did not raise money to fund public services, so we have got rid of it.

[Gavin Barwell (Croydon Central) (Con)]

On the subject of priorities, how much does the Exchequer believe that cutting the higher rate of tax will cost compared with the cost of raising the personal allowance, which has benefited thousands of my constituents and millions of people across the country?