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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 Catherine McKinnell Catherine McKinnell Shadow Minister (Treasury) 4:30 pm, 23rd April 2013

The Minister seems to have quoted selectively from the Government’s impact assessment on the change to the annual allowance for pensioners, which states that 4.41 million pensioners will lose out to the tune of £86. Will the Minister clarify what consideration has been given to that, and to the fact that many pensioners have suffered this change at short notice, with very little opportunity to put measures in place to mitigate the impact? Four months earlier, the Chancellor was declaring that there was no way that he would penalise pensioners in this way. Four months later he was implementing a change that would very much impact on pensioners up and down the country.