I am desperately sad, because I thought the hon. Lady was going to answer my questions about Labour’s plan or the taxation for it. Of course, we would expect people earning that income to pay property and income taxes in the proper way, and, if they are receiving dividends, their tax will go up as a result of the changes that we have made. [Interruption.] I am asked on what basis I say that. It is on the basis of a distribution analysis of the overall package of measures published by the Treasury in the last week, which is available for all Members to read and consult. If they do, they will see that this is a very redistributive package, with the highest-income 20% of households contributing 40 times that of the poorest 20% of households. It is a genuinely progressive policy, and the distribution analysis makes that clear.
Health and Social Care Levy Bill
Proceeding contribution from
Jesse Norman
(Conservative)
in the House of Commons on Tuesday, 14 September 2021.
It occurred during Debate on bills on Health and Social Care Levy Bill.
About this proceeding contribution
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700 c885 Session
2021-22Chamber / Committee
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2021-09-17 15:31:53 +0100
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