You are making a very powerful speech for us this evening, and I completely agree with you about the importance of savings and of encouraging a savings culture. However, I am rather disappointed by the glib response to my hon. Friend the Member for South Staffordshire (Gavin Williamson), who asked how Labour Members would pay for those benefits. Every time that question is raised, Labour Members say that we should tax the rich. What calculation has the hon. Gentleman made of the effect of increasing taxes to 70%, 80% or 90%? Is that where you would like to go? And what estimation—
Savings Accounts and Health in Pregnancy Grant Bill
Proceeding contribution from
Sarah Newton
(Conservative)
in the House of Commons on Tuesday, 26 October 2010.
It occurred during Debate on bills on Savings Accounts and Health in Pregnancy Grant Bill.
Type
Proceeding contribution
Reference
517 c254-5 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-15 13:30:42 +0000
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