Finance (No. 4) Bill

Debate between Lyn Brown and Baroness Clark of Kilwinning

Thursday 19th April 2012 Commons Chamber

[Graham Evans]

I have given away several times. I am bringing my speech to a conclusion.

Finally, I welcome the Chancellor’s announcement that people will now receive a personal tax statement detailing exactly how much tax they have paid and what it has been spent on by the Government. This is a great move for transparency. I know that Labour are nervous about what will happen when people see, in black and white, how much of their taxes go on paying interest on the last Government’s debt.

This is an excellent Bill. It is a radical and reforming Bill. It comes from a Government firmly on the side of business, working people and pensioners, and it tells the world that Britain is open for business.

[Katy Clark]

Thank you, Mr Williams, for giving me the opportunity to follow on from that Second Reading speech by the hon. Member for Weaver Vale (Graham Evans). I will resist the temptation of talking about the Budget because I had that opportunity in Monday’s Second Reading debate.

[Lyn Brown]

Does my hon. Friend think that the hon. Gentleman was unwilling to discuss age-related taxation because he thought the policy indefensible?

[Katy Clark]

I think that many Government Members must feel ashamed of this policy, particularly given that it was not in the Conservative party’s manifesto. Many people who voted for the Conservatives, particularly pensioners, will be disappointed that they have introduced this policy.

We have heard numerous comments from Government Members giving the impression that the policy would affect super-rich pensioners, but, in reality, pensioners on modest incomes will be affected. It is pensioners on incomes between £10,500 and £29,400 who will be affected by the change. I do not think that anyone in this House can really believe that these are rich people; rather, we are talking about people on modest or middle incomes.