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Budget Resolutions and Economic Situation — Amendment of the Law

Part of the debate – in the House of Commons at 12:57 pm on 22nd March 2016.

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Photo of Geraint Davies Geraint Davies Parliamentary Assembly of the Council of Europe (Substitute Member) 12:57 pm, 22nd March 2016

Does the Chancellor accept that poorer people spend a much higher proportion, if not all, of their income, while richer people save? Does he not accept that his Budget, which has transferred money from poor people to rich people—it is a sheriff of Nottingham Budget, robbing the poor to pay the rich—will undermine growth and deficit reduction, which is wrong both morally and economically?

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George Morley
Posted on 23 Mar 2016 4:17 pm (Report this annotation)

Geraint Davies makes a good point and what could be more immoral than the denial of a paid for pension indexation to a pensioner whose pension is frozen because they have retired abroad to join their family that have settled there which in turn then places financial pressure on the pensioner and his/her family meaning that they either cannot go in the first place or have to return the the UK when the cost reaches crisis point.