[Un-allotted Half Day] — Future Government Spending

Part of Opposition Day – in the House of Commons at 3:31 pm on 4th March 2015.

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Photo of David Gauke David Gauke The Financial Secretary to the Treasury 3:31 pm, 4th March 2015

As I said, the money has to come from somewhere, and middle-income earners are probably pretty high up the list. To be fair, it is not just the 50p rate, although that is the only policy mentioned in the motion. In television interviews, the shadow Chief Secretary to the Treasury has proclaimed one other policy to reduce the deficit. This is the key to deficit reduction and the policy that will restore public finances to health: a future Labour Government will put up fees for gun licences. How much will that raise? A whopping £17 million—except, to be fair, the shadow Home Secretary has already pledged to spend that money elsewhere.