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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 3:15 pm on 23rd April 2013.

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Photo of Kwasi Kwarteng Kwasi Kwarteng Conservative, Spelthorne 3:15 pm, 23rd April 2013

It is especially ironic that the hon. Gentleman is talking about a raid on pensions, given that that was the first thing that the Labour Government did in 1997. The then Chancellor of the Exchequer raided pensions to the tune of £5 billion, so Labour did more to damage the pension industry in this country than any other Government before or since.