Fairness and Security in Old Age

Part of the debate – in the House of Commons at 3:28 pm on 10 September 2003.

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Photo of Steve Webb Steve Webb Shadow Secretary of State for Work and Pensions 3:28, 10 September 2003

I recall from the hon. Lady's remarks that she said that, given that many pensioners are property owners, a move from a property-based tax might be to their detriment. Many parts of Europe and the United States run local income tax systems perfectly effectively. Given that two thirds of pensioners pay no main income tax, they would be the principal beneficiaries of such a move.