New Clause 1 — Transfer of personal allowances between spouses

Part of Oral Answers to Questions — Justice – in the House of Commons at 8:20 pm on 2nd July 2013.

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Photo of David Gauke David Gauke The Exchequer Secretary 8:20 pm, 2nd July 2013

I beg to move, That the Bill be now read the Third time.

The Finance Bill 2013 delivers the Government’s commitment to creating a tax system that is fair, that promotes growth and competitiveness and that rewards work. This Bill supports enterprise, helps families and ensures that everyone pays their fair share of tax.

We should pause for a moment to remember the background to the Bill. The Government inherited the largest peacetime deficit since the second world war, a deficit we have already reduced by a third over the three years since 2009-10. During this time, more than 1 million new jobs have been created by British business. We have had to make some tough choices, but the results show that we are making the right choices. The Government are leading the road to recovery—to putting the economy back on course—and this Bill continues that agenda.