Budget: Cost of Changes Debate

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Department: HM Treasury

Budget: Cost of Changes

Earl of Listowel Excerpts
Tuesday 12th June 2012

(12 years, 5 months ago)

Lords Chamber
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Lord Sassoon Portrait Lord Sassoon
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The message I am trying to give the House is that there were changes that we felt appropriate—on VAT on hot food, VAT on static caravans and the proposed cap on giving to charities—and that the total cost of the changes in those three areas was in the range of £120 million to £150 million a year. That is the only message that I am trying to give to the House.

Earl of Listowel Portrait The Earl of Listowel
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My Lords, the CBI has suggested that a fund of £1 billion should be devoted to providing employment for young people. Have the Government had further time to consider this suggestion from the CBI? I hope that I have it correct.