§ 56. Sir A. KNOX
asked the Chancellor of the Exchequer whether, taking into consideration the decreased yield of Income Tax on the profits of breweries, and the profits of sugar, hop, malt, and grain producers, the loss of rates and taxes and licence duty on licensed premises and the cost of increased unemployment in the brewery trade, he can now estimate the net yield to the Government from the increased tax on beer?
I am afraid that data are not available for such an estimate as my hon. and gallant Friend asks for.
§ Sir A. KNOX
Is it not already evident that this additional tax has defeated its own object, that it is really killing a deserving trade, and that it is not bringing in the revenue?