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Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 5:00 pm on 23rd June 2010.

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Photo of David Evennett David Evennett Conservative, Bexleyheath and Crayford 5:00 pm, 23rd June 2010

Exactly. My hon. Friend makes a good point. It is history repeating, is it not? I am sure that pensioners in my constituency and across the country will be pleased by the triple lock, whereby the basic state pension will rise by whichever is the higher out of earnings, prices measured by consumer price inflation or 2.5%. That is good news. One would not believe on listening to the Opposition that there was any good news at all in the Budget, but there is. We will never have pensioners getting a meagre increase of 75p on the basic pension, as happened one year under Labour. That was an insult and the pensioners knew it. We will not allow that to be repeated.

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