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Part of Prayers – in the House of Commons at 12:00 am on 16th June 1988.

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Photo of Mr Dave Nellist Mr Dave Nellist , Coventry South East 12:00 am, 16th June 1988

Given that the real rise in pre-tax incomes among the rest of the population was less than half that, does that not show that when the Chancellor claims that cutting the rate for the top 5 per cent. of taxpayers produces more tax, that is merely a by-product of the rich getting richer over the past nine years compared with the rest of the population? For example, a person with an income of £50,000 per year has gained tax cuts of £500 per week since 1979, whereas a couple on half average earnings of £120 a week will be paying £4 per week more after tax and national insurance are taken into account. Is that not poverty in the midst of conspicuous abundance?