Sir Edward Leigh

It is a pleasure to follow the right hon. Member for Birmingham Hodge Hill and Solihull North (Liam Byrne). He said that Alistair Darling was his hero. My hero was Nigel Lawson, because I am personally convinced that the way to create growth and prosperity is to flatten and lower taxes. I think I have sat through 45 Budget statements in this House. They are quite exhausting, and I am quite cynical about the whole process. Normally, large amounts of good news are given out during the Budget statement when we are all sitting in the Chamber, but when we read the Red Book the next day we find that we are probably paying even more tax than we were before—everything has been taken back. However, this time, the pain has been loaded up front, so I suppose we should be grateful for small mercies. I am sure the Chancellor of the Exchequer would claim that she is just being honest, but the Budget is, none the less, a massive expansion of tax and spend. Governments who indulge in massive expansions of tax and spends are Governments who gradually impoverish countries. More and more people—even those just surviving on a state pension—will be dragged into tax. People on higher incomes will be dragged into paying ever higher rates of tax. The right hon. Member for Birmingham Hodge Hill and Solihull North made the classic attack on the top earners, but 1% of top earners pay 30% of all tax revenues. If we simply tax people more and more at the top end of the scale, we will get less enterprise, less growth, and those people will leave the country. It is a vicious circle, and it does not work.