§ 11. Mr. Holtasked the Chancellor of the Exchequer what study he made, before taking his decision to cut 988 Purchase Tax on cars by 20 per cent., of the likely effect of this on the annual deficit of British Railways.
§ Mr. MaudlingBefore reaching my decision, I took into account all relevant factors.
§ Mr. HoltWould the Chancellor say, then, what in fact was the result of his consideration, vis-à-vis the railways, because surely the task which the Government has set Dr. Beeching is difficult enough as it is and this decision will make it even more difficult?
§ Mr. MaudlingAfter my consideration, I came to the conclusion that the possible effect on the railways should not deter me from doing the right thing in the case of motor cars.