Speech in Commons Chamber - Thu 20 Nov 2014
Money Creation and Society
"I will come on to explain that. The Bank of England has an absolutely crucial role to play. If my hon. Friend listens to the last bit of my speech, he will get a full answer to that question.
A sovereign money system thus offers—if I may say this—a clear …..."Michael Meacher - View Speech
View all Michael Meacher (Lab - Oldham West and Royton) contributions to the debate on: Money Creation and Society
Speech in Commons Chamber - Thu 20 Nov 2014
Money Creation and Society
"The purpose of accountability to the Treasury Committee would be to enable Parliament fully to explore the manner in which the money creation committee or the Monetary Policy Committee was working. I would anticipate a full three-hour discussion with the leading officials of those committees before the Treasury Committee, and …..."Michael Meacher - View Speech
View all Michael Meacher (Lab - Oldham West and Royton) contributions to the debate on: Money Creation and Society
Speech in Commons Chamber - Thu 20 Nov 2014
Money Creation and Society
"That is a helpful intervention. Although it is a relatively big part of what I am proposing, it is not for me to suggest exactly what the structure of accountability should be. I would be strongly in favour of increasing it as the hon. Gentleman proposes. Until this House is …..."Michael Meacher - View Speech
View all Michael Meacher (Lab - Oldham West and Royton) contributions to the debate on: Money Creation and Society
Speech in Commons Chamber - Thu 20 Nov 2014
Money Creation and Society
"That is an extremely important point and, again, I strongly support it. The current Secretary of State for Business, Innovation and Skills has been struggling to introduce a Government-supported business investment bank and has recently announced something along those lines. I think that should be greatly expanded. The book by …..."Michael Meacher - View Speech
View all Michael Meacher (Lab - Oldham West and Royton) contributions to the debate on: Money Creation and Society
Speech in Commons Chamber - Thu 20 Nov 2014
Money Creation and Society
"That is perfectly true, and my hon. Friend makes an important point. The proposals that I am making would support that. There is a very different climate in this country, largely brought about by the churning in the City of London where profits have to be increased or reach a …..."Michael Meacher - View Speech
View all Michael Meacher (Lab - Oldham West and Royton) contributions to the debate on: Money Creation and Society
Speech in Commons Chamber - Thu 20 Nov 2014
Money Creation and Society
"Before the Minister leaves the question of a sovereign monetary system, which she obviously totally opposes and to which she raised several objections that I cannot answer in an intervention, does she not believe that the system of bank money creation is highly pro-cyclical and has enormously benefited property and …..."Michael Meacher - View Speech
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Speech in Commons Chamber - Thu 20 Nov 2014
Money Creation and Society
"I am pleased the Minister thinks that alternative ways of improving the monetary system should be explored. Will she support the idea of a setting up a commission to examine the alternatives, as recommended by the hon. Member for Richmond Park (Zac Goldsmith), as well as by me—so there is …..."Michael Meacher - View Speech
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Written Question
Wednesday 19th November 2014
Asked by:
Michael Meacher (Labour - Oldham West and Royton)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 12 October 2012 to Question 292135, what was the average tax paid by those people in each of the top (a) 10, (b) five, (c) one, (d) 0.1 and (e) 0.01 per cent of the population.
Answered by David Gauke
The proportion of total income accounted for by the top 10, 5 and 1 per cent of UK taxpayers by income can be found in table 2.4 'Share of total income (before and after tax) and income tax for percentile groups', available at:
https://www.gov.uk/government/collections/income-tax-statistics-and-distributions
The number and average income of taxpayers in each group can be determined from the above together with table 2.5 'Income Tax liabilities, by income range', with reference to the total number of taxpayers and their income stated on this table.
Written Question
Thursday 19th June 2014
Asked by:
Michael Meacher (Labour - Oldham West and Royton)
Question
to the HM Treasury:
To ask Mr Chancellor of the Exchequer, in what capacity he and the Secretary of State for International Development attended the recent Bilderberg Conference in Copenhagen; and whether the visits have been recorded in the register of interests.
Answered by Andrea Leadsom
The Chancellor of the Exchequer attended the Bilderberg conference in Copenhagen. All travel undertaken by Treasury ministers is carried out in line with the Ministerial and Civil Service Management Codes. Details of all ministerial overseas travel are published quarterly:
https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-gifts-and-overseas-travel
Speech in Commons Chamber - Thu 12 Jun 2014
The Economy and Living Standards
"Listening to the Chancellor, I think the Tory attack lines for the next election are pretty clear. They go like this: “Labour left a dreadful economic mess, which we had to clear up the way we did. It’s been painful, but we were all in it together. We always had …..."Michael Meacher - View Speech
View all Michael Meacher (Lab - Oldham West and Royton) contributions to the debate on: The Economy and Living Standards