National Insurance Contributions

Lord Brownlow of Shurlock Row Excerpts

Monday 7th March 2022 Lords Chamber

[Baroness Penn (Con)]

My Lords, the Government have been very clear in their justification for the health and social care levy. The Government are committed to the responsible management of the public finances, which is why we have had to take tough but responsible decisions to increase taxes in order to fund a significant increase in permanent spending on the NHS and social care. On the cost of living challenge, that is why, this year and next, the Government will provide £20 billion of support to help those people who are struggling to meet their household bills.

[Lord Brownlow of Shurlock Row (Con)]

My Lords, if the Government were persuaded to go down the windfall tax route, would they be further persuaded to go down the windfall rebate route in the years that oil companies make a loss, such as last year?