UK Parliament / Open data

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.

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.

Type
Proceeding contribution
Reference
547 c692 
Session
2012-13
Chamber / Committee
House of Commons chamber
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