§ 35. Sir N. GRATTAN-DOYLE (for Major HILLS)asked the Financial Secretary to the Treasury what would be the gross loss to the Exchequer of reducing the standard rate of Income Tax by 1s. in the £, assuming that incomes assessable to tax remained at the same figure as in the past year?
§ Mr. HORE-BELISHAI must ask my right hon. and gallant Friend to await the Budget Statement on Tuesday next, in advance of which I am not prepared to furnish any estimate relating in any way to the yield of taxation in the current year.