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MPs ought to actually look at the provisions of the Finance Bill rather than just use them to score political points
KEY POINTS
- Reports to concentrate more on what should have been said.
- Difficulties of changes to AIA not understood by MPs.
- 50% tax rate never had a chance to show what it would have yielded.
- Will Labour look at increasing corporation tax if it is in government in 2015?
Catherine McKinnell summing up for the opposition on the first day of the Finance Bill debate said “we have had a surprisingly good debate”.
I suppose that all depends on what you want to get out of it. It was the second reading rather than a detailed line-by-line committee discussion but even so is it too much to hope that MPs would stick to discussing the actual contents of the Bill? Apparently it is.
We learned a lot about potash pits...
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