Basic rate limit and personal allowance

Part of Finance (No. 3) Bill – in the House of Commons at 6:45 pm on 19th November 2018.

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Photo of Kevin Foster Kevin Foster Conservative, Torbay 6:45 pm, 19th November 2018

I am very much enjoying my hon. Friend’s speech. Does he agree that many analyses must have been done in the Treasury between 1997 and 2010 about why it was sensible to keep the tax rates as they were? The highest earners now pay slightly more, in terms of percentage rate, than they did throughout most of Labour’s 13 years in government, except for the last couple of months. It is quite strange to hear Labour Members’ enthusiasm for this type of taxation now that they are in opposition.