hmrc calculate the cost other tax revenues may cancel that out. in other words, it raises at most a fraction of what we were told and may raise nothing at all. so from april next year, the top rated tax will be 45 pence. no chance left. no chance to justify a tax record -- >> order! >> he's nearly coming to the end, and i want the same respect given to the next speaker. >> no chancellor can justify a tax rate that damages our economy and raises next to nothing. it is as simple as that. and thank to the other new taxes on the rich, i've announced today, we'll be getting fiveoney each and every year from the well withthiest in our society. so the richest pay more -- >> you are getting very excited in the back, i'm sure you want to calm down. it's not good for your health. >> so the richest pay more, the economy benefits, britain is competitive again. the shadow chance, and quite a few members here, have said that the hmrc report is not enough. and that the office for budget sp judgment. they have. because these days, the direct applies to every budg

now quite a few members opposite have said that the hmrc report is not enough and that the office for budget responsibility should pass judgment. they have. because these days the direct costing the treasury applies to every budget measure is independently assessed and certified by the obr. and unlike the previous government they also assess the cash flow consequences of stalling. when it comes to the 1 hundred million pound direct cost of the measure the obr say this, we believe that this is a reasonable and central estimate. and they also assess as reasonable the estimate that the new taxes i've introduced on the rich today directly raise five times that amount. and is half a billion pounds -- half a billion pounds we can now use to help people on lower and middle incomes keep more of their own earnings. mr. deputy speaker, in the spending review, we took the difficult decision to remove child benefit from families with a high rate of taxpayer. i said then that i simply could not justify asking those earning 15 or 30,000 pounds a year to go on paying child benefit to those earning 8

>> hmrc contrasts half of taxpayers each year from 2014. these 20 million taxpayers will at the same time receive a new personal tax statement. this will tell people how much income tax and national insurance they have paid, their average tax rate, how this contributes to public spending. in other words, how much proportionally of their tax bill goes to fund the health care, education or welfare bills and how much it spent on servicing interest payments on the national debt. people will know what they're paying and what they're paying it for. a tax system that is simple and transparent. >> here, here. >> now, now, mr. deputy speakert is our first goal. our second goal is a tax system that is more competitive for business than any other major economy in the world. our predecessors wanted to increase taxes on small businesses. instead we've cut the tax rate on small companies to 20%. >> here, here. >> our predecessors wanted to increase national insurance on jobs, and we've cut it. our new control foreign company rules will be legislated for

hmrc contacts roughly half of taxpayers each year. from 2014, these 20 million taxpayers will at the same time receive a new personal tax statement. this will tell people houchin come tax and national insurance they paid. how this contributes to public spending. in other words, how much proportionally of their tax bills goes to fund health care, education and welfare and how much ispent on servicing interest payments on the national debt. peep el -- people will know what they're paying and what they're paying it for. a tax system that is simple and transparent. now, mr. deputy speaker, that is our first goal. our second goal is a tax system that is more competitive for business than any other major economy in the world. our predecessors wanted to increase taxes on small businesses. instead, we've cut the tax rate on small companies to 20%. our predecessors wanted to increase national insurance on jobs and we have cut it. our new control foreign company rules will be legislated for in the coming finance bill and will stop global firms

i think this is an excellent idea, and i intend to put it into hmrc contacts roughly half of taxpayers each year from 2014. the 20 million taxpayers will at the same time receive a new personal tax statement this will tell people how much income tax and insurance they have paid. how this contributes to public spending. in other words, how much proportionately their tax bill goes to fund their health care, education or welfare bills and how much is spent on servicing interest payments on the national debt. people will know what they're paying and what they're paying it for. a tax system that is simple and transparent. that is our first goal. second goal -- our predecessors wanted to increase taxes on small businesses. instead we've cut the tax rate on small companies to 20%. our predecessors wanted to increase national insurance on jobs and we cut it. our new controlled foreign company rules will be legitimated for in the coming finance bill and we'll stop global firms leaving britain and encourage them to start coming here. this government supports research and development here in brit

whether it is barkley's bank or ken livingston, people should pay the proper amount of tax and i hope hmrc will look closely at all these cases. frankly, for londoners, many who live in labour controlled areas with high taxes will be angry about what they have seen and will conclude that red can has been caught red handed. >> the i.f.s. has reported that the government's tax and benefit changes will hit families with children five times higher than those without children. is this what the prime minister means by the most family friendly government ever? is it fair or is it just another broken promise? >> what this government's done increase tax credits for the least well paid to lift people out of tax, to introduce free nursery care for 2, 3 and 4-year-olds and expand it for those families. all those things have made a difference. ins dentally, she didn't mention that she, herself, is sponsored by the unite union and could have taken this opportunity to condemn. >> thank you, mr. speaker. >> order! let's hear mr. metcalfe. mr. metcalfe. >> over work experience, has my right honorable frien