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.

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...

That this House deplores the widespread practice by UK banks of creating special-purpose financial vehicles, like orphan companies or bogus charitable ones, based in off-shore tax havens in order to undertake high risk speculative investment and evade tax, whilst keeping information about such activities off their published balance sheets; considers it incredible that this activity was neither monitored by UK financial authorities nor illegal, and insists that it must be made so; calls for a full accounting by all UK banks of their activity in this regard over the last five years at least; and further calls for public inquiries by the Charity Commission and the Financial Services Authority in their respective areas of responsibility.

That this House deplores the widespread practice by UK banks of creating special-purpose financial vehicles, like orphan companies or bogus charitable ones, based in off-shore tax havens in order to undertake high risk speculative investment and evade tax, whilst keeping information about such activities off their published balance sheets; considers...