§ 17. Captain Pilkington
asked the Chancellor of the Exchequer the percentage of taxes compared to national income in 1951 and at the latest date in 1958.
Central Government revenue from taxation amounted to about 34½ per cent. of the national income in 1951 and 29 per cent. in 1957. I regret that comparable figures for 1958 are not yet available.
§ Captain Pilkington
Would my right hon. Friend agree that this is a very welcome sign of the success of Tory government?
Mr. H. Wilson
Would the Chancellor also agree that the amount of taxation raised by the present Government has increased by 50 per cent. since 1951 and that if the national income had risen as much under the present Government as it did under the Labour Government, the percentage year by year of the national income going into taxation instead of this policy of stagnation would have fallen even more rapidly?