HC Deb 15 April 1947 vol 436 c78

I have come to the end of tax reductions. The total cost of those I have proposed will be £96 million in a full year, and £84 million this year. The Income Tax reliefs will cost £87 million in a full year, and £76 million this year. This does not include the cost of the repayment to old people of their postwar credits, which, being repayment of credits, will, as before, be borrowed.