First Day

Part of Debate on the Address – in the House of Commons at 3:23 pm on 6th May 1992.

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Photo of Mr John Major Mr John Major , Huntingdon 3:23 pm, 6th May 1992

It is worth having another. Like so many Conservative Budgets, this one once more delivered cuts in income tax. Every taxpayer will benefit, while nearly 4 million taxpayers on low incomes will pay tax at the new 20p rate—young people starting out in their careers, many women working part time and many disabled people. Our aim in these cuts is to encourage effort and reward endeavour at every level.