Janet Daby
Main Page: Janet Daby (Labour - Lewisham East)Department Debates - View all Janet Daby's debates with the HM Treasury
(1 year, 7 months ago)
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Chris Philp
If I may respectfully say so, that is nonsense. The tax reductions, including those that the hon. Gentleman voted for last night, apply to everybody in work earning more than £12,570 a year. The national insurance cut and the cut to the basic rate of income tax are tax cuts for everybody, rich and poor alike. The increases in the threshold disproportionately benefit people on lower incomes, and the people on the very lowest incomes now do not pay any national insurance or tax at all. Again, the significant increases that we have seen in the national minimum wage from £5.93 an hour under Labour to £9.50 an hour now most benefit people on low incomes. The Government stand on the side of people on lower wages but doing the right thing by working.
Janet Daby (Lewisham East) (Lab)
I thank the Minister for his attempts to reassure the UK economy, even though they are simply not working. Does the Minister agree with the former chief adviser to the Bank of England, who said that because of this Budget we can “say goodbye to growth”?