Oral Answers to Questions

Russell Brown Excerpts

Wednesday 6th March 2013 Commons Chamber

[The Prime Minister]

First, I commend my hon. Friend on his splendid waistcoat. I am sure that if he reveals it a little further we will see that—yes, all right; enough already. It was a good, honest and fair fight in Eastleigh, but I want to be absolutely clear that the party that is meant to challenge as the Opposition in our country went precisely nowhere.

[Mr Russell Brown (Dumfries and Galloway) (Lab)]

Q13. My constituents in Dumfries and Galloway are demanding that big businesses pay their full taxes. Likewise, they are determined that individuals should pay all their taxes. The Prime Minister has said that he will pay all taxes due in the proper way. Next month, will that include any tax at the new 45p rate, which he has cut from 50p?

[The Prime Minister]

First, I welcome the fact that the hon. Gentleman supports the Government’s G8 initiative on tax transparency, on which we are going to make some real progress. The reason for replacing the 50p rate with the 45p rate is that the 50p rate was not raising proper money. Indeed, it raised £7 billion less. That is probably why for 10 years in office the Labour party never put it in place. That is also why under this Government the 45p rate will be a higher rate than ever it was when the two croupiers were sitting in the casino.