Finance Bill — 13 Dec 2023 at 15:47

“I want to cut taxes, I believe in cutting taxes.”

“despite the tax cutting rhetoric, the reality is that the tax burden is rising, with tax receipts as a share of the economy set to reach 37.7 per cent in 2028/29, the highest level in 80 years.”

“taxes for the average worker have gone down by £1,000.”-[Official Report, 22 November 2023; Vol. 741, c. 360.]

“Taxes for the average worker will have gone down by £1,000 since 2010.”-[Official Report, 30 November 2023; Vol. 741, c. 1084.]

“an average worker in 24-25 will pay over £1,000 less in personal taxes than they otherwise would have done.”

“calculations are on a same-year basis against a counterfactual”,

“would include the effects of earnings growth on cash totals of tax due”.

“have a clear consistent rationale”.

“easy for taxpayers to get their tax right”.

“does not…distort the decisions of taxpayers and result in poorly informed choices.”

“the tax system to be simpler, fair and to support growth.”

“the threshold for individuals with income taxed through Pay As You Earn to file a Self Assessment return to £150,000”.

“this House, while approving the changes to taxation of tobacco in the Finance Bill and full expensing being made permanent, declines to give the Bill a Second Reading because it fails to make a much-needed reduction in VAT for the hospitality and tourism sectors, and fails to introduce measures through the tax system that would help alleviate poverty.”

“the real spending power of Government departments in England goes down by about £19bn over the forecast period”.

“confirms the low-to-no growth cycle the UK economy is in.”

Debate in Parliament |