The Economy

Part of Council Tax Rebate – in the House of Commons at 3:49 pm on 31st March 2009.

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Photo of Gerald Howarth Gerald Howarth Shadow Minister (Defence) 3:49 pm, 31st March 2009

The Chancellor of the Exchequer has got a nerve. He is posing as the saviour of the millions of pensioners in this country. Does he not accept that it was his Government's action in removing advance corporation tax relief to pension funds that destroyed the pensions industry and millions of pensioners throughout the country? Furthermore, he accuses my hon. Friend Mr. Osborne of inaction. Where was the Chancellor's action when he set up the Financial Services Authority? It crucified the small independent financial adviser, but it failed to spot the big bankers making a huge mistake with the economy of the country.

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