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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

That point is absolutely spot on. The Opposition's crocodile tears on these issues are lamentable, because they did not do anything in government. They took away the 10p rate, as my hon. Friend has said, and they pushed people on very low incomes into paying tax when that was unfair. My right hon. Friend the Chancellor made it quite clear in yesterday's Budget that fairness was the underlying key. It was about making sure that everyone pays a fair amount. Those on high incomes will pay more and those on low incomes will pay considerably less. Families, low earners and pensioners have to be a top priority.

In opposition, I was the shadow spokesman on further education and skills, and I believe that training and skills were one of the Labour Government's greatest failings. Our society needs a well-trained work force who can adapt and take on board challenges, such as those facing small businesses, to make sure that they can get employment and worthwhile involvement in order to make something of their lives. One of Labour's biggest failings during the recession was not properly investing in skills so that people who lost their jobs could reskill, upskill, retrain or find new jobs.

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