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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 3:45 pm on 23rd April 2013.

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Photo of Ian Mearns Ian Mearns Labour, Gateshead 3:45 pm, 23rd April 2013

My hon. Friend has demonstrated that the economic impact of the Government’s Budget is very different in different places. We have recently seen a rise in unemployment in the north-east of England of 12,000, while the national increase was 60,000. Only 5% of the population reside in the north-east, but it accounts for 17% of the national unemployment increase. In comparison, there was a fall in unemployment of 17,000 in London.

At the other end of the tax spectrum, in a Finance Bill debate last year the Exchequer Secretary kindly gave us figures showing where the top-rate taxpayers reside. There have been some minor variations to those figures. Last year, 167,000 top-rate taxpayers lived in the three south-east regions—London, the south-east and East Anglia. This year, 180,000 reside in those three regions out of a total of 300,000 for the whole country. Only 3,000 reside in the north-east. So the Government’s Budget measures have a differential impact on different parts of the country.