Income Tax Debate

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Department: HM Treasury

Income Tax

Lord Wrigglesworth Excerpts
Wednesday 19th November 2014

(9 years, 6 months ago)

Lords Chamber
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Lord Newby Portrait Lord Newby
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My Lords, I remind the noble Lord, and the House, that growth in the UK is the highest among the G7 countries; that unemployment has fallen by 324,000 in the past year; and that the other piece of news today, which he omitted to mention, is that the gender pay gap has fallen to an all-time low.

Lord Wrigglesworth Portrait Lord Wrigglesworth (LD)
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Does my noble friend not agree that the most important point is that 3 million people at the bottom of the earnings pile, including 1.8 million women, have been taken out of income tax completely? At the same time, the Revenue’s take has increased by some £5.1 billion over the past year. Is that not a classic example of a stronger economy and a fairer society?

Lord Newby Portrait Lord Newby
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It is, my Lords.