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Clause 2 - Personal allowance for 2013-14 for those born after 5 April 1948

Part of Finance (No. 2) Bill – in a Public Bill Committee at 4:15 pm on 23rd April 2013.

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Photo of David Gauke David Gauke The Exchequer Secretary 4:15 pm, 23rd April 2013

I am grateful for my hon. Friend making that point. Having set out that we live in difficult times and are having to make difficult decisions, I wish to make a point about the distributional analysis that lies behind many of the points that have been raised by Opposition Members. As I have said on several occasions, the Government have taken unprecedented steps to publish distributional analyses alongside each Budget and autumn statement document. They show the impact of all the Government’s policies on household incomes and separate the impact of tax measures from the other policies.

It is important to consider all the Government’s policies, and not just the taxation measures. The distributional analysis published with the Budget shows that the top 20% of households continue to make the greatest contribution to reducing the deficit, both as a percentage of their income and in cash terms. Amendment 8 would have us produce a further supplementary report, which is unnecessary.

On the wider issue of the personal allowance, the hon. Member for Newcastle upon Tyne North was pressed a number of times in her thorough speech on whether she supported what we have done. I have discussed the dramatic change in the level of the personal allowance.