Lord Stoneham of Droxford
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Budget: Cost of Changes
Lord Stoneham of Droxford Excerpts(12 years, 6 months ago)
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Lord Stoneham of Droxford
Does my noble friend agree that there is a source of revenue for the Government in that they can both protect and even extend the winter fuel allowance for the most vulnerable in society by asking higher rate taxpayers to pay tax on what they receive?
Lord Sassoon
My Lords, what this Government have done as far as the wealthiest are concerned is to raise five times as much tax from them as the Labour Party would have done under its plans, so that the top 1% of the population of earners pay 27.7% of tax. We are very concerned to make sure that tax falls where it should: on the broadest shoulders.