Tax Avoidance (HSBC)

Part of Isil – in the House of Commons at 3:35 pm on 23rd February 2015.

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Photo of Edward Balls Edward Balls Shadow Chancellor of the Exchequer 3:35 pm, 23rd February 2015

Finally, the Chancellor has been dragged to the House to answer questions about the HSBC scandal, which broke a full two weeks ago. At a time when the living standards of working people are squeezed, when our public services are under pressure, when HSBC is paying out high bonuses and when the amount of uncollected tax has gone up under this Government, we need proper answers, not another Chancellor sweeping these issues under the carpet as we have heard today. [Interruption.] I think Michael Ellis should listen to these questions and then the Chancellor can tell us whether he actually has any answers. Don’t you agree, Mr Speaker?

Detailed information was passed to this Government in May 2010 about 1,100 HSBC clients—[Interruption.]