Lord Tunnicliffe
Main Page: Lord Tunnicliffe (Labour - Life peer)Inflation
Lord Tunnicliffe Excerpts
Baroness Penn (Con)
My Lords, with regard to a windfall tax, my comments only echoed those of the Chancellor and those of the Prime Minister. On the additional revenue that has come in through VAT receipts and other areas, the noble Lord is right, and we have used additional finance to provide extra support to people that is worth over £22 billion. That includes new help that will flow through to people’s pockets—not yet, but in the future. For example, once the uprating in the thresholds for national insurance is in place in July, people will have more money in their pay packets as a result.
Lord Tunnicliffe (Lab)
My Lords, I have great sympathy with the Minister; we are all asking her to be the Chancellor and she is not. She might do a better job, but she is not yet the Chancellor. I will ask her a question to which she can make a commitment. There is a consensus in this House that action is needed now. Can she personally make sure that that consensus is conveyed to the Chancellor?
Baroness Penn (Con)
I can absolutely assure the noble Lord and all noble Lords that I will convey the opinion of this House on this matter to the Chancellor.