Effects Of Increase In Value Added Tax On People On Low Incomes
EDM number 296 in 2010-12, proposed by Susan Elan Jones on 22/06/2010.
Categorised under the topics of Incomes and poverty and Taxation.
That this House regrets the announcement made in the Budget that value added tax (VAT) will be raised to 20 per cent. in January of next year; agrees with the statement made by the Deputy Leader of the Liberal Democrat Party, the hon. Member for Bermondsey and Old Southwark that `VAT is the most regressive form of tax, which penalises the poor at the same rate as the rich'; further agrees with the leader of the Welsh Liberal Democrats, the hon. Member for Brecon and Radnorshire, who described VAT as `a very regressive tax that falls most heavily on the poorest in society'; and calls on the Chancellor immediately to reverse the proposed rise in order to protect those on the lowest incomes.
This motion has been signed by a total of 64 MPs, 2 of these signatures have been withdrawn.
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