RESTORING THE 10 PENCE RATE OF INCOME TAX

That this House regrets the abolition of the 10 pence rate of income tax in 2008 by the last Labour Government; notes that a starter 10 pence rate of income tax between the personal allowance and 12,000 would instantly move all British workers on the minimum wage about halfway towards earning the Living Wage, in cash terms; concludes that the poorest Brits would benefit the most as a share of income; and therefore urges the Government to restore the 10 pence rate of income tax as soon as economic growth allows.