New Clause 6 — Rate of value added tax

Part of Bail (Amendment) – in the House of Commons at 12:45 am on 28 June 2011.

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Photo of Jon Ashworth Jon Ashworth Labour, Leicester South 12:45, 28 June 2011

One of the effects of the VAT increase is its contribution to inflation, which is currently running at twice the rate of earnings growth. The Bank of England has suggested that inflation will hit 5% later this year because of increases in utility prices, which are a result of the VAT increase. Many of my constituents are feeling particularly hit by that. Is that also the case in Chesterfield?