Finance (No. 2) Bill

Part of Bill Presented – in the House of Commons at 4:05 pm on 1st April 2014.

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Photo of Ian Swales Ian Swales Liberal Democrat, Redcar 4:05 pm, 1st April 2014

I will come on to some of those tax rises in a moment. I am just saying that working people are not £1,600 worse off, as the Labour amendment suggests. There is no expert who says that they are.

This Government’s tax cut has reduced inequality. It has been praised by the Living Wage Foundation as reducing the gap between the minimum wage and the living wage, and I am proud that my party has driven it through in this Parliament. It is also good that the Budget shows that there will be real growth in household disposable income from now on.