Mr Toby Perkins

Mr Toby Perkins

Labour — Chesterfield

Speaking in the House of Commons on 5 November 2024

Debate

Income Tax (Charge)

Contribution

My right hon. Friend is repeating a statistic that we will all be familiar with—that of the £22 billion black hole—but it is important to make the point that that £22 billion is not the extra money the Conservatives were spending compared with what they were bringing in. The deficit last year was £120 billion. This £22 billion was extra money—worse than the £120 billion deficit we already knew we were inheriting.

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