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Pre-Budget Report

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 3:29 pm on 24th November 2008.

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Photo of Alistair Darling Alistair Darling The Chancellor of the Exchequer 3:29 pm, 24th November 2008

As I said a few moments ago to Anne Main, any price reduction would be welcomed by people going out to shop, and I have actually reduced income tax, especially for basic rate taxpayers, because I am introducing the increase in the personal allowance. Income tax personal allowances take time to be fully implemented; a cut in VAT can be implemented much more quickly.

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