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Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 2:39 pm on 23rd June 2010.

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Photo of Huw Irranca-Davies Huw Irranca-Davies Shadow Minister (Marine and Natural Environment) 2:39 pm, 23rd June 2010

I share the hon. Gentleman's frustration, as many people were behind the curve, but one person who was not is "Danny" Blanchflower, the economist, who spotted it coming, identified it and sent out the warning signals. We, collectively, were not listening. He is now warning, "Cut hard and deep and you'll send the recession backwards." Should we listen to him?

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