Oral Answers to Questions

James Paice Excerpts

Wednesday 29th January 2014 Commons Chamber

[The Prime Minister]

I can assure the hon. Gentleman that I will be visiting his constituency in the next 16 months. I absolutely agree with him that it is unacceptable when people pay below the minimum wage. We want to see more enforcement and action to make sure that that does not happen. It is not acceptable, we have a minimum wage for a good reason and I want to see it properly enforced.

[Sir James Paice (South East Cambridgeshire) (Con)]

Is it not the case that we have learned over successive years during the past two or three decades that a responsible economic policy to maximise tax yields is one that sets the tax rates at the rates that will yield the most? Tax rates set too high are the politics of envy and actually raise less in taxes.

[The Prime Minister]

My right hon. Friend makes a sensible point. The point of setting tax rates is to raise revenue, not to make a political point. What the Opposition want to do is make a political point because they believe in the politics of envy, not in raising money for public services. In the end the truth is this: the top 1% of taxpayers in our country are now paying 30% of the total income tax take. As I said, the richest taxpayers are actually going to be paying more in every year of this Government than when those two on the Opposition Front Bench sat in the Treasury and made such a mess of our economy.