My hon. Friend made a good point about the Liberal Democrats' "VAT bombshell" warnings. Those warnings were, of course, issued when the pre-Budget report had forecast a deficit of £177 billion. By the time of the Budget, however, the deficit was only £149 billion. With a lower deficit, the Liberal Democrats wanted more VAT to plug the gap. Can my hon. Friend explain their thinking?
Finance Bill
Proceeding contribution from
Angus Brendan MacNeil
(Scottish National Party)
in the House of Commons on Tuesday, 13 July 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Finance Bill.
About this proceeding contribution
Reference
513 c817Session
2010-12Chamber / Committee
House of Commons chamberSubjects
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2023-12-15 18:06:44 +0000
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