Would the hon. Gentleman not accept that cutting the top rate from 83% to 40%, or from 98% to 40% for so-called investment income, meant a huge surge in revenue? Rich people not only paid more in cash terms and real terms but paid a bigger proportion of total income tax. What’s not to like?
Finance (No.2) Bill
Proceeding contribution from
John Redwood
(Conservative)
in the House of Commons on Tuesday, 8 April 2014.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance (No.2) Bill.
Type
Proceeding contribution
Reference
579 c155
Session
2013-14
Chamber / Committee
House of Commons chamber
Librarians' tools
Timestamp
2014-04-14 14:59:14 +0100
URI
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