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Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 3:19 pm on 23rd June 2010.

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Photo of Tobias Ellwood Tobias Ellwood Conservative, Bournemouth East 3:19 pm, 23rd June 2010

As my hon. Friend Mary Macleod says from a sedentary position, the structural deficit is actually higher.

Let me deal now with total borrowing as stated by the Office for Budget Responsibility. This is now expected to fall by 2.1% of GDP by 2015, or by £37 billion, which is exactly half of what Labour were predicting, and to reach 1.1% by 2016.

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