Oral Answers to Questions Debate

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Department: HM Treasury

Oral Answers to Questions

Duncan Hames Excerpts
Tuesday 28th January 2014

(10 years, 9 months ago)

Commons Chamber
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Duncan Hames Portrait Duncan Hames (Chippenham) (LD)
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We know that the Chancellor is keen to cut high marginal rates of tax. Does he appreciate that an advantage of the further increase in the personal allowance for which the Liberal Democrats are calling is that it would almost entirely scrap the effective 30% marginal tax rate faced by those who are aged over 65 and whose incomes amount to no more than the national average?

Danny Alexander Portrait Danny Alexander
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May I first take this opportunity to congratulate my hon. Friend, and my hon. Friend the Member for East Dunbartonshire (Jo Swinson), on recently becoming parents? He is quite right to suggest that further increases in the personal allowance would benefit all parts of the population. The Chancellor will make announcements in the Budget in March and, as a party, we will be campaigning for further increases in the personal allowance, precisely to ensure that the benefits are spread as widely as possible.