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 Greg Hands Greg Hands Shadow Minister (Treasury) 12:30 pm, 19th May 2009

The Minister is being generous in giving way. He can correct me if I am wrong, but I do not think that I have seen anywhere an assessment of the phasing-out of the allowances. I am sure that he is right that there have been assessments. I think that the issue was debated by the Treasury Committee, to assess the impact on behavioural changes caused by the 50p tax rate. However, I do not think that I have seen anywhere in the Red Book an assessment of the changes to the phasing-out of the allowances. Therefore, if such an assessment is in the Red Book, can he tell us what the numbers are?