Capital Gains Tax (Rates)

Debate between Mary Macleod and Angela Eagle

Wednesday 23rd June 2010 Commons Chamber

[Ms Angela Eagle (Wallasey) (Lab)]

As the hon. Gentleman is talking about the Office for Budget Responsibility and its forecasts, will he have the good grace to note that its recent deficit forecasts are considerably lower than those in the March Budget because more money has been collected in taxes? The deficit that the hon. Gentleman is obsessing about is actually 2% of GDP lower than the forecast in the March Budget. Will he have the decency to recognise the other side of the coin, as well as this side of it?

[Mary Macleod (Brentford and Isleworth) (Con)]

The structural deficit is higher.