[Sir Michael Lord in the Chair] — Clause 1 — Primary Class 1 contributions

Part of Orders of the Day — National Insurance Contributions Bill – in the House of Commons at 4:45 pm on 10 June 2002.

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Photo of Matthew Taylor Matthew Taylor Liberal Democrat Spokesperson (Treasury) 4:45, 10 June 2002

I do not know if the hon. Gentleman did his own research or got someone else to do it, but it was pretty poor. We proposed 1p on the basic rate plus a new 50 per cent. rate—a 10 per cent. increase—on earnings of more than £100,000. Combined with the Government's 1p national insurance rise, the amendment would replicate that, and that is its purpose.