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Capital Gains Tax (Rates)

Part of the debate – in the House of Commons at 6:08 pm on 23rd June 2010.

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Photo of Chris Williamson Chris Williamson Labour, Derby North 6:08 pm, 23rd June 2010

That irresponsibility is on the Government Benches, because David Blanchflower, an esteemed economist in this country who predicted the recession and who should be taken seriously, is now predicting a double-dip recession as a result of "this reckless Budget". The hon. Lady ought to reflect on his words, rather than criticising Labour Members.

Rather than taking the appropriate steps against powerful individuals and institutions, to ensure that they pay a fairer contribution towards reducing the deficit, the Chancellor has chosen to penalise the weak and the powerless. The Budget has let down the great British public. I assure Government Members that it will come back to haunt them. We will certainly ensure that the British public know what this Government, and the Liberal Democrats in particular, have inflicted on them. When the next general election comes, the Liberal Democrats, who have been swallowed whole by the Conservative party in this Chamber, will live to regret the day that they put the Tories in power.

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