HC Deb 31 October 1939 vol 352 cc1741-2
55. Mr. J. Griffiths

aked the Chancellor of the Exchequer whether his attention has been called to the hardship imposed by the increased taxation on those who have borrowed money for house-purchase and such purposes, and have signed agreements by which the loan is free of tax to the lender; and whether, as many cannot meet these burdens, he will con- respect of the service pay of members of the armed Forces of the Crown was charged at special rates graduated according to total income. I will have circulated in the OFFICIAL REPORT a statement showing the ordinary rates of Income Tax on earned income and the special rates applicable to service pay for the years in question.

Miss Ward

Does the right hon. Gentleman intend to follow the same procedure during this war?

Sir J. Simon

That question has already been answered.

Following is the statement:

sider some steps by which they can be granted relief?

Sir J. Simon

I am aware of the existence of a certain number of agreements of the type to which the hon. Member refers, but I should not feel justified in asking Parliament to grant relief from the additional interest that may be due from the borrower under such agreements.