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  Orders of the Day - Clause 3 - Abolition of starting and savings rates and creation of starting rate for savings
  
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  <p>The majority of MPs rejected an amendment that would have compelled the Chancellor of the Exchequer to provide the Commons with an assessment of the effect of the Finance Bill 2008 on those of low-income.</p>
  
  <p>Specifically, <a href="http://www.theyworkforyou.com/mp/jeremy_browne/taunton">Jeremy Browne</a>, the Liberal Democrat Shadow Chief Secretary to the Treasury, wanted to know about the combined impact on individuals with a gross income under Â£13,000 per annum of:</p>  
  
  <p pid="b.785.1/3">(a) the increase in personal allowances, and</p>
  
  <p pid="b.785.1/4">(b) the abolition of the starting rate of income tax.</p>
  
  <p>The abolition of the 10p rate for the lowest earners had been announced in the 2007 budget, along with a surprise 2p cut in the basic rate of income tax to 20p in the pound but there was concern that this would severely effect those on the lowest incomes. (See <a href="http://www.thisismoney.co.uk/tax/income/article.html?in_article_id=418667&in_page_id=77">here</a> for more detail).</p>
  
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  (put thoughts and notes for other researchers here)
  