HC Deb 22 February 1966 vol 725 cc225-6
38. Mr. Gower

asked the Chancellor of the Exchequer if, in his decision to fix the level of Corporation Tax, he will take account of the need to encourage the smaller savers to invest in British industry.

Mr. MacDermot

My right hon. Friend will take all relevant circumstances into account.

Mr. Gower

May I ask the hon. and learned Gentleman whether the Chancellor of the Exchequer and his colleagues at the Treasury are particularly worried about the great drop which has occurred in savings of all kinds since this Government took responsibility for the affairs of the country?

Mr. MacDermot

I do not accept that there has been a great drop in savings of all kinds.