Clause 4

Part of Finance Bill – in a Public Bill Committee at 12:30 pm on 19th May 2009.

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Photo of David Gauke David Gauke Shadow Minister (Treasury) 12:30 pm, 19th May 2009

My hon. Friend will recall the 2007 Budget, in which the then Chancellor, the current Prime Minister, proudly announced that for the first time the UK would have only two rates of tax on personal income, combining national insurance and income tax, and a simplification process, having abolished the 10p rate. Now we seem to have more bands than ever.