HC Deb 02 November 1965 vol 718 cc860-1
32. Mr. Edward M. Taylor

asked the Chancellor of the Exchequer what was the total amount raised by way of taxation and Customs and Excise duties in the year 1964–65; and what percentage increase in total revenue he anticipates will be collected in the current year.

Mr. Callaghan

£7,431 million and 10 per cent. respectively.

Mr. Taylor

Does not the right hon. Gentleman appreciate that this means that the average family will be paying about 24s. per week directly or indirectly in increased taxation this year? How does he hope for a stable and go-ahead economy when enterprise and initiative are stifled by high taxation?

Mr. Callaghan

I am concious that, under the Conservative Government, the total increase in revenue was nearly 60 per cent.

Mr. Peter Walker

Does the right hon. Gentleman still stand by the Prime Minister's promise that during the life of this Parliament taxation would not be increased? Can we look forward to a 10 per cent. reduction in taxation?

Mr. Callaghan

The undertaking related to a five-year Parliament. If this Parliament goes for five years—and judging by their present state the Opposition hope that it will—I have no doubt that the undertaking will be carried out.