Lindsay Roy
Main Page: Lindsay Roy (Labour - Glenrothes)Department Debates - View all Lindsay Roy's debates with the HM Treasury
(13 years, 8 months ago)
Commons ChamberWhen the Labour Government came to power in 1997, fuel duty was 36.86p per litre. By the time they left office, it had risen to 57.19p per litre. As I am sure my hon. Friend is aware, one of the architects of those tax rises was then the chief economic adviser to the Treasury; he is now the shadow Chancellor.
4. What assessment he has made of the effect on levels of employment of the increase in the standard rate of value added tax.
8. What assessment he has made of the effect on levels of employment of the increase in the standard rate of value added tax.
I thank the Minister for that answer. Will he tell us what impact the VAT rise has had so far on himself and his family?
The VAT rise of course leads to increased prices in the shops, and that affects everyone in the House.