A Strong Voice for Croydon Central - Gavin Barwell MP
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Question to the Exchequer Secretary
13/03/2013 10:22:00


Below is a question I asked to the Exchequer Secretary yesterday. Labour would have you believe that this Government's priority has been to cut income tax for the very wealthy. David Gauke's answer reveals that it has 'spent' 90 times as much cutting income tax for people on low to middle incomes:

Gavin Barwell (Croydon Central, Conservative)

On the subject of priorities, how much does the Exchequer believe that cutting the higher rate of tax will cost compared with the cost of raising the personal allowance, which has benefited thousands of my constituents and millions of people across the country?

David Gauke (Exchequer Secretary, HM Treasury; South West Hertfordshire, Conservative)

The costing for the cutting of the additional rate, according to Her Majesty’s Revenue and Customs and signed off by the Office for Budget Responsibility, was £100 million. The cost of raising the personal allowance is about £9 billion, and that is where our priorities lie.

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Readers' Comments

On 13/03/2013 11:54:00 Jim wrote:
£9 million? That can't be right.... £9 billion???

Pity the government didn't reduce the top rate to 40%. Given all the flack it has received over reducing it from 50% to 45%, it might just as well as done. I don't care how rich somebody is - nobody should be paying 45% of their income over to the government.

On 13/03/2013 14:00:00 Gavin Barwell wrote:
Hansard had it wrong! I've corrected it to £9 billion



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