Finance (No. 2) Bill

Debate between Shabana Mahmood and Gareth Johnson

Wednesday 25th March 2015 Commons Chamber

[Shabana Mahmood]

It is a pleasure to serve under your chairmanship, Sir Roger. Amendment 1 stands in my name and those of my right hon. Friend the Member for Morley and Outwood (Ed Balls), my hon. Friends the Members for Nottingham East (Chris Leslie) and for Kilmarnock and Loudoun (Cathy Jamieson), and the hon. Member for Brighton, Pavilion (Caroline Lucas). It calls on the Chancellor to produce within three months of the enactment of this Bill a report on the impact of setting the additional rate of income tax at 50%. The report must estimate the impact of setting the additional rate for 2015-16 at 45%—the current higher rate—and at 50% on the amount of income tax currently paid by people with a taxable income of £150,000 and £1 million a year.

As we all know, the 50p rate of tax for those earning more than £150,000 was reduced to 45p by this Government in 2012. That was hotly debated at the time and it has been hotly debated ever since. The Minister refers to a debate on the additional rate of tax as an annual event whenever we discuss a Finance Bill. Government Members may groan that the debate is rearing its head again, but I am, if nothing else, an optimistic person and I continue to hope that Government Members will be swayed by my arguments and be persuaded to accept our eminently sensible and reasonable amendment.

[Gareth Johnson (Dartford) (Con)]

indicated dissent.

[Shabana Mahmood]

It is a little unfair of the hon. Gentleman to shake his head at such an early stage of my speech. He should at least give me a chance to develop my arguments.

Higher and Further Education

Debate between Shabana Mahmood and Gareth Johnson

Tuesday 11th September 2012 Commons Chamber

[Shabana Mahmood]

The right hon. Gentleman’s party went into the 2010 general election promising to scrap tuition fees at a time when they knew the country faced a difficult economic situation, so I am afraid that he cannot escape his own record by looking to much older Parliaments. We are talking about the burden of debt that this Government have placed on students, which is much more significant than anything they faced before.

[Gareth Johnson (Dartford) (Con)]

Does the hon. Lady not agree that there is something inherently right about those who benefit from having a degree paying for it?

[Shabana Mahmood]

The principle that those who benefit should pay a contribution towards their degree is absolutely right and one we support, but we believe that paying for higher education should be a partnership between the individual student who benefits and the taxpayer, who also benefits greatly from those going into higher education.