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 Mark Field Mark Field Conservative, Cities of London and Westminster 2:00 pm, 1st July 2014

The hon. Lady represents a seat next door to mine. We both have significant numbers of constituents living, as she would put it, in poverty—although poverty levels today are very different from those certainly in the first half of the last century and before—and significant numbers who are relatively well off. Does she not recognise that by reducing tax rates we are bringing more money into the Exchequer? She says that the issue is not about the politics of envy, but does she not recognise that higher rates of tax would bring less into the Exchequer to pay for the very services that our more poverty-stricken constituents so desperately need? She is undermining the very case she tries to make.