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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 4:30 pm on 23rd April 2013.

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Photo of Stephen Doughty Stephen Doughty Labour, Cardiff South and Penarth 4:30 pm, 23rd April 2013

We have all seen the borrowing figures today, yet the Prime Minister said in 2010:

“In five years’ time, we will have balanced the books.”

What on earth did he mean? We are not balancing the books; at this rate it will be 402 years before we eliminate the deficit.