The hon. Lady asks what research we have. I am holding it in my hand: the document produced by HMRC, which sets out a thorough analysis. I urge her to read it and to see that it is far from speculative; it is a thorough piece of work, which shows that as a result of the 50p rate total income fell by between £2.9 billion and £4.4 billion and GDP was between 0.2% and 0.3% lower. There has been not just a loss of tax revenue, but a loss to the whole economy through lower productivity and lower economic activity.
Finance Bill
Proceeding contribution from
David Gauke
(Conservative)
in the House of Commons on Monday, 2 July 2012.
It occurred during Debate on bills on Finance Bill.
Type
Proceeding contribution
Reference
547 c692 
Session
2012-13
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2023-11-28 15:12:21 +0000
URI
http://hansard.intranet.data.parliament.uk/Commons/2012-07-02/12070254000203
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Commons/2012-07-02/12070254000203
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Commons/2012-07-02/12070254000203