Stella Creasy
Main Page: Stella Creasy (Labour (Co-op) - Walthamstow)Department Debates - View all Stella Creasy's debates with the HM Treasury
(10 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Kerry McCarthy (Bristol East) (Lab)
2. What recent assessment he has made of the effect of fiscal policy on family incomes.
Stella Creasy (Walthamstow) (Lab/Co-op)
8. What recent assessment he has made of the effect of fiscal policy on family incomes.
Pat Glass (North West Durham) (Lab)
10. What recent assessment he has made of the effect of fiscal policy on family incomes.
Sajid Javid
I must say that if the hon. Lady is genuinely interested in the challenges that families face, she should recognise the causes: Labour’s recession, the deepest in our post-war history; Labour’s record budget deficit, the deepest in our post-war history; and Labour’s bank bail-outs, the largest the world has ever seen.
Stella Creasy
With working families’ incomes on average 1,500 quid down and millionaires taking tax cuts, does the Minister really think that we are all in this together?
Sajid Javid
As the hon. Lady has already heard, all millionaires will be paying a higher tax rate under this Government than they did for the whole 13 years that the Labour party was in power. She should also welcome the tax cut we provided for the lowest income families, 25 million people, with 2.7 million taken out of taxation altogether. I note that the Labour party has recently talked about reintroducing the 10p tax rate, which they abolished. Well, I have news for it: all those people are now paying a 0% tax rate on that income.