UK Parliament / Open data

Finance Bill

Proceeding contribution from John Redwood (Conservative) in the House of Commons on Tuesday, 1 July 2014. It occurred during Debate on bills on Finance Bill.

We will be able to answer that question in due course, because these are still early days, but there are encouraging signs that more revenue is coming in from the rich. We will know the results of the latest experiment later, but we know fully the results of the 1980s tax cuts. They were clear enough to convince not

only all sensible Conservative MPs at the time, who were happy to vote for the tax cuts and kept them throughout their period in office, but, more importantly, the long-running Chancellor of the Exchequer who took office in 1997 and held it for a decade before becoming Prime Minister. He is not an easy man to convince to be nice to the rich. I think that he decided to run with that tax rate because he was entirely convinced that he would get more money out of the rich at 40% than he would at 83% or 60%.

Type
Proceeding contribution
Reference
583 c773 
Session
2014-15
Chamber / Committee
House of Commons chamber
Subjects
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