Clause 1
National Insurance Contributions Bill
4:30 pm
Rob Marris (PPS (Rt Hon Shaun Woodward, Secretary of State), Northern Ireland Office; Wolverhampton South West, Labour)
Can the hon. Gentleman talk us through that a bit more? My understanding is that if one takes, for example, the lower earnings limit of £100 which, using the current ratio of seven and a half, would cap the upper earnings limit at £750 a week, and then one changes that ratio to eight and a half, the figure would go up from £750 to £850. For some taxpayers that would, in fact, be a tax cut, because the point at which they would start to pay 40 per cent. tax would move from £750 to £850 a week. Is that not contrary to what the hon. Gentleman said?