Budget: Cost of Changes — Question
3:00 pm
Lord Sassoon (Commercial Secretary, HM Treasury; Conservative)
My Lords, what this Government have done as far as the wealthiest are concerned is to raise five times as much tax from them as the Labour Party would have done under their plans, so that the top 1% of the population of earners pay 27.7% of tax. We are very concerned to make sure that tax falls where it should: on the broadest shoulders.