§ 41. Captain Pilkington
asked the Chancellor of the Exchequer whether, in order to extend the ownership of houses, he will take steps to reduce or abolish Schedule A tax.
§ 64. Brigadier Clarke
asked the Chancellor of the Exchequer if, for the purpose of Schedule A tax, he will disregard the first house owned by any one person up to the value of £3,000.
My hon. and gallant Friends will not expect me to anticipate next year's Budget statement.
§ Captain Pilkington
Does my right hon. Friend agree that such action would go a long way towards creating a property-owning democracy such as we all desire?
§ Mr. Fernyhough
Will the right hon. Gentleman agree that a much more effective method of helping people to buy their own houses would be for the Government to take the necessary steps to reduce drastically the very high interest rates?
The Government have done, and are doing, a great deal to encourage private house ownership, with very spectacular results.