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Treasury Select Committee set to grill chancellor over deficit
GOVERNMENT debt and the tax on bankers’ bonuses will be the hot topics when Alistair Darling is grilled by the Treasury Select Committee tomorrow.
The chancellor will be questioned over his pre-Budget Report, which includes a 50 per cent one-off super tax rate on bankers’ bonuses.
Darling, who pledged to halve public borrowing by 2014, will be scrutinised over the deficit, which is expected to rise to £178bn in the next fiscal year.
John McFall, the committee chairman, said yesterday: “We will be asking the Chancellor about the deficit, and his plans to reduce it. In terms of bankers’ bonuses, we would have liked a change to long-term remuneration packages, rather than just a one-off tax.”