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A report on the House of Commons’ budget debate
KEY POINTS
- Approval that the OTS is to be put on a statutory system.
- Restricting tax relief for landlords would set a precedent.
- The costs to taxpayers of removing tax credits.
- The increasing national cost of tax credits.
- National Insurance and corporation tax reductions.
Immediately after George Osborne delivered his budget on 8 July MPs had their opportunity to give their opinion on the contents. The debate tends to provide a lot of political deviation and repetition but every now and then comments strike a chord of interest.
Simplification
Andrew Tyrie (Conservative and chair of the Treasury select committee) was...
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