It is stated on page 66 of the Red Book that""Impacts on households from VAT account for around 1.0 per cent of net income, although this is smaller on average for the top 10 per cent of households, and greatest for the bottom 10 per cent of households.""
We do know who will be hardest hit, therefore. It will be the poorest in our society, and the hon. Gentleman's Red Book says so.
Finance Bill
Proceeding contribution from
Iain Wright
(Labour)
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
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513 c844Session
2010-12Chamber / Committee
House of Commons chamberSubjects
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