As I said a few moments ago to the hon. Member for St. Albans (Anne Main), any price reduction would be welcomed by people going out to shop, and I have actually reduced income tax, especially for basic rate taxpayers, because I am introducing the increase in the personal allowance. Income tax personal allowances take time to be fully implemented; a cut in VAT can be implemented much more quickly.
Pre-Budget Report
Proceeding contribution from
Lord Darling of Roulanish
(Labour)
in the House of Commons on Monday, 24 November 2008.
It occurred during Ministerial statement on Pre-Budget Report.
Type
Proceeding contribution
Reference
483 c519
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 23:20:26 +0000
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