Clause 4 — Rates of insurance premium tax

Part of Bill Presented — Superannuation Bill – in the House of Commons at 12:30 pm on 15 July 2010.

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Photo of John Redwood John Redwood Conservative, Wokingham 12:30, 15 July 2010

I am delighted by the case that my hon. Friend is making. As he is suggesting, people who insure for their health needs are paying twice, because they are also paying their contribution to the NHS, thereby helping doubly. Does he therefore think that keeping the tax rate at 5% is enough, or would he really rather it were lower?