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Budget Resolutions - Income Tax (Charge)

Part of the debate – in the House of Commons at 1:01 pm on 30th October 2018.

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Photo of John Martin McDonnell John Martin McDonnell Shadow Chancellor of the Exchequer 1:01 pm, 30th October 2018

Here is an answer: it is called a fair taxation system.

It was the ideology of neoliberalism that said markets were always right, that regulation was simply a barrier to growth, and that, ultimately, greed was good. The financial system this ideology helped design collapsed 10 years ago, and it was Conservative Chancellors who took the political decision to force working people, not the bankers, to pay the price for it.