TAX RELIEF CAP

That this House supports the proposal of the Trades Union Congress (TUC) that the amount of tax relief that can be claimed by those earning more than £100,000 a year be capped at £5,000; notes that this would raise £10 billion a year; further notes the recent TUC analysis which revealed that just 3.1 per cent. of the taxpayer population receive 31 per cent. of all tax relief, averaging £18,750 a year each; and considers that this tax relief cap on the better off is a fairer way to reduce the deficit than cuts in public services or tax rises affecting poorer households.