Former Labour MP for Kilmarnock and Loudoun
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To ask Mr Chancellor of the Exchequer, with reference to the figures in table 2.1 of Budget 2015 on a secondary market in annuities, how many people receiving an annuity income will have to reassign that income to a third party and take the value as a lump sum in order to generate the projected additional revenues of £535 million in 2016-17 and £540 million in 2017-18.
To ask Mr Chancellor of the Exchequer, what estimate the Government has made of the additional cost to the public purse arising from additional (a) social security payments and (b) social care costs of people in receipt of annuity income reassigning that income to a third party in order to receive the value of that annuity as a lump sum.
To ask Mr Chancellor of the Exchequer, with reference to the figures in table 2.1 of Budget 2015 on a secondary market in annuities, for what reason income tax revenue is projected to fall by £130 million in 2018-19 and £120 million in 2019-20.
Former Labour MP for Kilmarnock and Loudoun, Former Labour MSP for Carrick, Cumnock and Doon Valley
Entered the House of Commons on 6 May 2010 — General election
Left the House of Commons on 30 March 2015 — General election
Entered the Scottish Parliament on 6 May 1999 — Election
Left the Scottish Parliament on 23 March 2011 — Election
Also represented Carrick, Cumnock and Doon Valley
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