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Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 12:36 pm on 23rd June 2010.

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Photo of Huw Irranca-Davies Huw Irranca-Davies Shadow Minister (Marine and Natural Environment) 12:36 pm, 23rd June 2010

Does my right hon. Friend share my worry about the much-cited examples of the quite savage cuts agendas in Canada, Sweden and elsewhere? They were done against the backdrop of growing export markets, monetary policy and currency devaluations. His analysis of what is happening in the eurozone at the moment should fill us with caution, if not dread, because if the Chancellor's judgment is wrong, this country is going to hell in a handcart.

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