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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 4:45 pm on 23rd April 2013.

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Photo of Catherine McKinnell Catherine McKinnell Shadow Minister (Treasury) 4:45 pm, 23rd April 2013

That is not a helpful intervention because it fails to recognise the basic premise of what I am saying, which is that the Chancellor set out his economic plan for this country and set out his own benchmark. I am not talking about the hon. Gentleman’s benchmark, or my benchmark, or the people of Britain’s benchmark. The Chancellor set out his benchmark for his own economic plan and Government Members, including Ministers, are here today justifying the execution of that plan, which by all measurements is clearly failing.

That is why we have tabled amendments to ask for a review, for a consideration, for a rethink, of the impact that these measures are actually having on real people in the country. It is not enough for Government Ministers to hide behind the deficit reduction strategy, or the supposed deficit reduction strategy, which is desperately off course and which it is calculated will take 400 years to clear the deficit at the rate that the Government are achieving it. It is not enough to hide behind the mantra of a deficit reduction strategy, to make a tax grab on low and middle-income earners and to hand out tax cuts to the very richest.