Lord Brownlow of Shurlock Row
Main Page: Lord Brownlow of Shurlock Row (Conservative - Life peer)Department Debates - View all Lord Brownlow of Shurlock Row's debates with the HM Treasury
Income Tax Threshold
Lord Brownlow of Shurlock Row Excerpts(10 months, 1 week ago)
Lords ChamberRead Full debate Read Hansard Text Watch Debate Read Debate Ministerial Extracts
Baroness Penn (Con)
I absolutely agree with the noble Lord that the UK income tax system is more competitive than the Scottish system and that we deliver better value for money.
Lord Brownlow of Shurlock Row (Con)
My Lords, yesterday the Competition and Markets Authority showed that consumers were charged 6p a litre more than wholesale prices justified. Obviously, those excess profits will be taxed. Do the Government think they should be taxed at more than the current rate?
Baroness Penn (Con)
My Lords, we have been clear that we will take the findings of the CMA very seriously and put in place a system to ensure that we do not see future excess profits in a similar way.