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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 Owen Smith Owen Smith Labour, Pontypridd 2:39 pm, 23rd June 2010

Will the hon. Gentleman not also reflect on the fact that those tables do not capture the punitive effect of the forthcoming 25% cut in non-ring-fenced public services on people who most rely on benefits and public services? Those elements in the tables and in the Budget do not really take into account-in the round, as he puts it-the full impact of the cuts that we will see.

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