Phil Wilson
Main Page: Phil Wilson (Labour - Sedgefield)Department Debates - View all Phil Wilson's debates with the HM Treasury
(13 years, 11 months ago)
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Mr Osborne
Two hundred and fifty thousand people or thereabouts are eligible for the 50p rate, which came into effect in April. As I have said, other taxes, too—such as employers’ national insurance—are levied on bonuses, and in the Finance Bill, which we have published in draft, we have taken specific measures, on which we will seek to legislate later this year, to deal with some of the avoidance practices in the financial sector that were allowed to proliferate under the previous Government.
Phil Wilson (Sedgefield) (Lab)
In October 2009 the Chancellor said that high street banks should be banned from paying bonuses above about £2,000 in cash. Is that his policy today as well?