Extract from second reading debate (Commons) of the Health and Social Care Levy Bill - Sep 14
Wednesday, 15 September 2021 07:44
James Murray (Ealing North) (Lab/Co-op):...The Government have said
many times that they believe that there is no alternative to the
national insurance rise and the levy introduced in the Bill. Yet in
the days that followed the Government’s announcement, the London
School of Economics, Warwick University the Institute for Public
Policy Research, the Social Market Foundation and many others have
all come forward with other ways of raising the money. Our new
clause 8 would have required the...Request free trial
(Ealing North) (Lab/Co-op):...The Government have
said many times that they believe that there is no alternative to
the national insurance rise and the levy introduced in the Bill.
Yet in the days that followed the Government’s announcement, the
London School of Economics, Warwick University the Institute for
Public Policy Research, the Social Market Foundation and many
others have all come forward with other ways of raising the money.
Our new clause 8 would have required the Government to report,
before the levy comes in, on how the revenue could be raised by
increasing taxes on income derived from wealth such as rental
income and income from trading financial assets, instead of from
employment. Although new clause 8 has not been selected today, I
hope that Government Back Benchers will have had the chance to see
it on the amendment paper. Ahead of the levy’s planned introduction
in 2023, there is ample time for the Government to produce such a
report...
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