Richard Bacon
Main Page: Richard Bacon (Conservative - South Norfolk)Department Debates - View all Richard Bacon's debates with the HM Treasury
Oral Answers to Questions
Richard Bacon Excerpts(5 years, 4 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hammond
I hear the hon. Gentleman’s point, but I repeat what I have just said. We have to remember that people coming into national insurance at a lower rate also means people coming into entitlement to contributory benefits at that rate. We have a contributory principle in our benefits system, and national insurance is the key to it.
Mr Richard Bacon (South Norfolk) (Con)
When income tax was first introduced, it was supposed to be temporary. Can the Chancellor of the Exchequer update us on his plans finally to get rid of this tax, or will it, like the backstop, be with us for the next 200 years?
Mr Hammond
When I was in Brussels the other day, I was reliably informed that the kingdom of Belgium was originally intended to be a temporary construct, but it still seems to be with us. The world has moved on since the Napoleonic wars, as my hon. Friend may or may not celebrate, and I have to tell him that the Government have no plans to abolish income tax.