That is the £150 million question. The tax cut is £150 million in the key years, but it goes up to £160 million in financial year 2017-18. It gets greater and greater as time goes on. If we roll all the numbers together, as the Chief Secretary to the Treasury is wont to do when presenting figures in the Budget, we get a total of £600 million of tax cuts in this area in the Red Book. I am sure that you could think of a good use for £600 million, Mr Deputy Speaker. At the very least, we want a distributional impact assessment. We want to know who will benefit from the measures, and it is incumbent on the Minister to tell the House the facts.
Finance Bill
Proceeding contribution from
Chris Leslie
(Labour)
in the House of Commons on Tuesday, 2 July 2013.
It occurred during Debate on bills on Finance Bill.
Type
Proceeding contribution
Reference
565 c866 
Session
2013-14
Chamber / Committee
House of Commons chamber
Subjects
Librarians' tools
Timestamp
2014-04-17 21:09:42 +0100
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