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RICHARD CURTIS delves into the first three sessions of the Public Bill Committee’s debates on the Finance Bill 2009. It’s all about judgment rather than science
KEY POINTS
- Should the starting rate for savings income be extended?
- Personal allowances increased but should pensioners receive substantially more?
- Some non-residents to lose the personal allowance.
- The additional rates of tax and their potential effects.
The Public Bill Committee began its deliberation on the Finance Bill 2009 on 19 May.
The chairman Peter Atkinson welcomed committee members with the usual instructions about jackets (they may be removed) pagers (ensure they are switched off) and red boxes (keep papers in them and return them to the cupboard after each meeting).
He was in turn welcomed by spokesmen for the main parties and debate of clause 1 ‘charges and main rates for 2009/10’ began.
The Financial Secretary to the Treasury Stephen Timms noted that clause 1 states that the basic and...
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