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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 Chris Leslie Chris Leslie Shadow Minister (Treasury) 4:30 pm, 23rd April 2013

If the Minister and the Chancellor of the Exchequer had been borrowing to grow the economy, the public might have given them the benefit of the doubt. My question to the Minister is simply this: does he understand that Government policy and his decisions might have an impact on economic growth? In other words, does he believe that he and the Treasury have an impact on the performance of the economy? Is the economy affected only by every other exogenous factor, or is it something that the Treasury can affect?