Clause 14

Part of Finance Bill – in a Public Bill Committee am 3:30 pm ar 10 Mai 2007.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of David Gauke David Gauke Ceidwadwyr, South West Hertfordshire 3:30, 10 Mai 2007

I note the Financial Secretary’s point that when the aggregate levy was introduced there was a tax cut in another area to offset it, so it is, at best, neutral. However, according to the Red Book the increase in the aggregate levy will yield an additional £40 million in 2008-09 and £45 million in 2009-10. What taxes were cut to ensure that those increases will be fiscally neutral?