(7 years, 5 months ago)
Commons ChamberMy hon. Friend is absolutely right. The worst thing that we could do is to support the Labour party’s policies, which would, according to the Institute for Fiscal Studies, lead to the highest levels of taxation in peacetime history.
19. I think the Treasury response today to the questions about the 1% pay cap are profoundly disappointing. This is the single biggest thing ensuring that inflation erodes living standards. It is impoverishing workers, and it is driving up consumer debt. When will the Treasury agree with the Foreign Secretary that the time has come to end this cap?