Ways and Means

– in the House of Commons on .

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  • Budget Statement (2 speeches)

    Before I call the Chancellor of the Exchequer, it may be for the convenience of hon. Members if I remind them that at the end of the Chancellor's speech, as in past years, copies of the Budget...

  • The Economic Background

    I start with the economic background. The strength and durability of the economic upswing has now exceeded all post-war records. We are about to enter our eighth successive year of sustained...

  • Monetary Policy

    Meanwhile, the maintenance of sound money and prudent public finances will keep us in the best possible position to weather any storms we may face, either at home or abroad. The medium-term...

  • Public Sector Finances

    As I pointed out a moment ago, a sound monetary policy needs to be buttressed by a prudent fiscal stance. At one time, it was regarded as the hallmark of good government to maintain a balanced...

  • Tax Reform

    I indicated at the outset that this will be a radical, tax-reforming Budget. Over the past few years there has been increasing recognition, throughout the industrialised world, of the importance...

  • Independent Taxation and Tax Penalties on Marriage

    My first reform concerns the taxation of marriage. The present system for the taxation of married couples goes back 180 years. It taxes the income of a married woman as if it belonged to her...

  • Business Taxation

    I turn now to business taxation. The major reform of business taxation, which I introduced in 1984 and which was completed in 1986, has given us one of the lowest corporation tax rates in the...

  • Covenants and Maintenance

    I now turn to an important area of personal taxation which is ripe for reform and simplification: the taxation of payments made under deeds of covenant and maintenance arrangements. Covenants to...

  • Taxes on Spending

    I now turn to the taxation of spending. I have one change to propose today affecting the coverage of value added tax, which will remain at 15 per cent. Confectionery was brought in to VAT by the...

  • Taxes on Capital.

    I now turn to taxes on capital. The emergence of the capital-owning democracy has been one of the most remarkable features of the 1980s. Encouraged by Government policy, more than 2½...

  • Income Tax (25 speeches)

    I now turn to income tax. The way to a strong economy is to boost incentives and enterprise. And that means, among other things, keeping income tax as low as possible. Income tax has now been...

  • Peroration

    Mr. Deputy Speaker, in this Budget, I have reaffirmed the prudent polices which have brought us unprecedented economic strength. I have announced a radical reform of the taxation of marriage,...

  • Provisional Collection of Taxes (1 speech)

    Motion made, and Question put, pursuant to Standing Order No. 50 (Ways and Means motions),That, pursuant to section 5 of the Provisional Collection of Taxes Act 1968, provisional statutory effect...

  • Budget Resolutions and Economic Situation
  • Amendment of the Law (21 speeches)

    Motion made, and Question proposed,That it is expedient to amend the law with respect to the National Debt and the public revenue and to make further provision in connection with finance; but...

  • Royal Assent (1 speech)

    I have to notify the House, in accordance with the Royal Assent Act 1967, that the Queen has signified Her Royal Assent to the following Acts: 1. Consolidated Fund Act 19882. Land Registration...

  • British Railways (London) Bill (118 speeches)

    Order for Third Reading read.

  • British Railways (No. 2) Bill (By Order) (13 speeches)

    Order for Second Reading read.

  • Lookout Posts (Newry and Armagh) (6 speeches)

    Motion made, and Question proposed, That this House do now adjourn.—[Mr. Kenneth Carlisle.]