Finance (No. 3) Bill

Part of the debate – in the House of Commons at 7:16 pm on 12th November 2018.

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Photo of Julian Knight Julian Knight Conservative, Solihull 7:16 pm, 12th November 2018

Has the right hon. Gentleman thought about the effect of fiscal drag on productivity? The fact is that, as more people get into the higher-rate tax bracket, the less productive they may become, which lowers tax receipts and lowers productivity in the economy.