New Clause 14 — Report on the additional rate of income tax

Part of Finance Bill – in the House of Commons at 2:00 pm on 1st July 2014.

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Photo of Rushanara Ali Rushanara Ali Shadow Minister (Education) 2:00 pm, 1st July 2014

I am here to debate the new clause. I am focused on what the Government are doing. I support the new clause because it is not fair that £3 billion a year should be going to millionaires. On top of that, as my hon. Friend Shabana Mahmood mentioned, bonuses in the financial sector are up by 83%. My constituents are living between the City of London and Canary Wharf; they see the inequities and want a fair chance. They are not complaining about people earning a decent living, but they want the Government to be fair in how they tax.