Smith Institute

Part of Oral Answers to Questions — Treasury – in the House of Commons at 10:30 am on 29th March 2007.

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Photo of Stephen Timms Stephen Timms The Chief Secretary to the Treasury 10:30 am, 29th March 2007

I can tell the hon. Gentleman very clearly why that happened: it is because we introduced the 10p rate before the tax credit system was in place. Now that it is in place, it is doing the job that needed to be done.