HC Deb 07 November 1932 vol 270 c29
65. Mr. D. GRENFELL

asked the Chancellor of the Exchequer whether he is aware that it has been calculated that a reduction of the horse-power tax on motor-cars by one-half would mean such an increase of employment that the loss of revenue would be more than compensated by the relief of unemployment; and whether he will consider the proposal?

Mr. HORE-BELISHA

I have not seen the calculation; nor do I know upon what hypothesis it is based.

Mr. GRENFELL

Has the Financial Secretary read a report of the speech made by the Chairman of Singers in which he elaborated this proposal? Will he accept a copy of that speech?

Mr. HORE-BELISHA

I shall be glad to accept any gift from my hon. Friend.

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