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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 David Gauke David Gauke The Exchequer Secretary 4:30 pm, 23rd April 2013

Of course, there are steps that a Government can take to help economic growth. That is exactly why we have taken steps such as making the UK tax system much more competitive, which we will debate shortly. That is why we have taken steps to reduce the regulatory burden on businesses so that they can create wealth, and that is why we are spending more on infrastructure than the plans that we inherited. The reality, however, is that we have faced difficult economic conditions, and the only answer that we have heard from the Opposition is to spend and borrow more money.