New Clause 9 — Lower rate of tax and mansion tax

Part of Finance Bill (Ways and Means) – in the House of Commons at 6:00 pm on 1st July 2013.

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Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 6:00 pm, 1st July 2013

It is the oft-trotted-out claim of the Liberal Democrats that they are there to temper the worst excesses of the Conservative party, and perhaps they do exercise such influence. We all know that the Conservatives are there to defend the wealth of the very wealthiest in society—that is a given—but we want to see whether the Liberal Democrats in the coalition have managed to bend that ideology a little more towards the centre ground of politics and towards the space in which most people would agree that those with the greatest assets and wealth should make a fairer contribution. That would be a good thing to do.