All 1 Debates between Elizabeth Truss and Kwasi Kwarteng

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Finance (No. 4) Bill

Debate between Elizabeth Truss and Kwasi Kwarteng
Wednesday 18th April 2012

(12 years, 7 months ago)

Commons Chamber
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Kwasi Kwarteng Portrait Kwasi Kwarteng
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Will my hon. Friend outline just how uncompetitive the 50p rate was compared with the rates of other G20 countries?

Elizabeth Truss Portrait Elizabeth Truss
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It was the highest income tax rate in the G20. We heard earlier from the Opposition spokesman that Labour did not understand the effect that that would have on our international competitiveness, which shows why it is not fit for office.

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