1-2 of 2 results for subject:Uprating
Librarians' tools
- Search time
- 0.163 seconds
- Solr query time
- 0.003 seconds
- Search query
- subject:Uprating
- We searched for
- subject_t:Uprating OR subject_ses:93390
Type
House
Session
Year
Department
Member
Primary member
Answering member
Legislative stage
Legislation
Subject
Publisher
I thank the Chancellor for his reply. Is he concerned about the uSwitch report, which says that people's disposable incomes are at their lowest level for 10 years? Since Labour came to power, council tax has doubled, home prices are, as we have just heard, 40 per cent. above a realistic value according to the IMF, and people are spending a fifth of their disposable income on servicing debt. Sir Alan Greenspan, the former head of the US reserve, believes that there is a 50 per cent. chance of a recession in the USA. What probability does the Chancellor think there is of a recession in the UK?
I thank the Chancellor for his reply. Is he concerned about the uSwitch report, which says that people's disposable incomes are at their lowest level for 10 years? Since Labour came to power, council tax has doubled, home prices are, as we have just heard, 40 per cent. above a realistic value according to the IMF, and people are spending a fifth of their disposable income on servicing debt. Sir Alan Greenspan, the former head of the US reserve, believes that there is a 50 per cent. chance of a recession in the USA. What probability does the Chancellor think there is of a recession in the UK?
Asked by
Tom Brake
(Liberal Democrat)
Answering body
Treasury
Oral questions - 1st Supplementary
Status
Answered
Answered on
18 October 2007
Disposable income in this country has risen by 25 per cent. since 1997. As the hon. Gentleman will know, many measures, including tax credits, have helped families, particularly families on low incomes with children. That is very important.
As for council tax, we have increased the amount of money available to councils to keep down the level of increases. I made it very clear last week that I see no reason why councils should have to increase their council tax to unacceptable levels. I would say to the hon. Gentleman, who represents the Liberal party, that when one looks at the detail of the Liberal party's policy, one will find that people who would not consider themselves to be terribly well off would be considerably worse off as a result of a local income tax.
Subjects
Disposable income; Income tax; State retirement pensions; Uprating
Date
18 October 2007
Reference
464 c952-3
Chamber / Committee
House of Commons chamber
House
House of Commons
What estimate he has made of the impact on disposable income of changes in the rate of income tax since 1997.
What estimate he has made of the impact on disposable income of changes in the rate of income tax since 1997.
Asked by
Tom Brake
(Liberal Democrat)
Answered by
Lord Darling of Roulanish
(Labour)
Answering body
Treasury
Oral questions - Lead
Status
Answered
Tabled on
15 October 2007
For answer on
18 October 2007
Answered on
18 October 2007
As a result of personal tax and benefit reforms since 1997, households are, on average, £1,050 per year better off. Following the publication of September's inflation figures, I can announce that from next April the basic state pension will rise by £3.40 to £90.70 a week, and by £5.45 to £145.05 a week for a couple. Full details of all the upratings are published today.
Subjects
Income tax; State retirement pensions; Uprating; Disposable income
Date
18 October 2007
Reference
464 c952; 158863
Chamber / Committee
House of Commons chamber
House
House of Commons