Capital Gains Tax (Rates)

May I say what a pleasure it is to serve under your chairmanship, Mr Deputy Speaker? It is such a pleasure to see you sitting in that Chair. There was a kind of creepy pleasure in listening to the hon. Member for Peterborough (Mr Jackson) because, in a curious way, it was like hearing a really bad horror film, and there is always a great deal of pleasure to be found in a really bad horror film. As for this recalling of Thatcherism in all its glory, dressed up for the 21st century, I love the idea that we can simply get people to work. There are all these people living in Peterborough who apparently have no desire to work and are perfectly happy to stay at home, neglecting their children, but the hon. Gentleman has been their MP for all this time—how long?—so why has he not done something about it? The issue is that in Peterborough, as in the rest of the country, under this—in my view Thatcherite mark 2 —Budget, there will be no jobs. As was said by my hon. Friend the Member for Coventry North West (Mr Robinson)—I regret that he is no longer in his place—the only guarantee in the Budget is a massive rise in unemployment.