Part of the debate – in the House of Commons at 1:12 pm on 7 January 2016.
I thank the hon. Lady for making that point, but I do not agree with her. The reality is that if the change had not been implemented, £30 billion would have had to be found from elsewhere. I think there is an additional £8 billion in tax revenue to be found as well. Where would that money come from if not from the generation that she knows well?