Topical Questions

Part of Oral Answers to Questions — Treasury – in the House of Commons at 11:30 am on 28th January 2014.

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Photo of Duncan Hames Duncan Hames Liberal Democrat, Chippenham 11:30 am, 28th January 2014

We know that the Chancellor is keen to cut high marginal rates of tax. Does he appreciate that an advantage of the further increase in the personal allowance for which the Liberal Democrats are calling is that it would almost entirely scrap the effective 30% marginal tax rate faced by those who are aged over 65 and whose incomes amount to no more than the national average?