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Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 1:14 pm on 23rd June 2010.

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Photo of Liz Kendall Liz Kendall Labour, Leicester West 1:14 pm, 23rd June 2010

The right hon. Gentleman says that the Budget will increase growth, but the Office for Budget Responsibility says in the Red Book, at paragraph C.18, that

"economic activity is weaker than in the pre-Budget forecast...this reflects Budget measures which restrain government spending and real household disposable income, holding back consumer demand."

Does he agree with the OBR or does he now admit that the Budget will not increase growth?

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