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Finance (No. 3) Bill

Part of the debate – in the House of Commons at 5:48 pm on 12th November 2018.

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Photo of Peter Dowd Peter Dowd Shadow Chief Secretary to the Treasury 5:48 pm, 12th November 2018

International evidence does not show that, but let me give the hon. Gentleman a figure. The top 1% have received an increase in share of total income—from 5.7% in 1990 to 7.8% in 2016-17. That was identified by the Institute for Fiscal Studies.