UK Parliament / Open data

Budget Resolutions and Economic Situation

Gordon Brown introduced a lifetime allowance for pensions savings, as I am sure the right hon. Lady remembers. However, the point here is about priorities. For all our constituents, there is an average tax increase per household of £650, starting next month with the freezing of the tax thresholds and the increase in council tax. Yet yesterday, the only permanent tax cut provided in the Budget was for people who already have pensions savings of more than £1 million. I just do not believe that that is the priority for our constituents, and I think hon. Members right across the House, if they think about it, know that too.

Mr Deputy Speaker—is that what I call you?

Type
Proceeding contribution
Reference
729 c1006 
Session
2022-23
Chamber / Committee
House of Commons chamber
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