HC Deb 13 June 1967 vol 748 c294
34. Mr. Stratton Mills

asked the Chancellor of the Exchequer what has been the total sum raised in new taxes since 15th October, 1964; and if he will state this as an approximate annual percentage of Government taxation.

Mr. Callaghan

The broadening of the tax base through the Capital Gains Tax, the Selective Employment Tax, the general betting duty and the gaming duties has yielded net revenue of £281 million, up to the end of 1966–67, or 3 per cent. of total taxation in that year.

Mr. Mills

But the right hon. Gentleman has substantially underestimated the increase in taxation of over £1,000 million by the Socialist Administration—an average of 23s. per week for every family in the land. Will he say whether it is his intention to reduce taxes over the next few years?

Mr. Callaghan

I was answering the Question on the Order Paper, but if the hon. Gentleman wants to ask a supplementary on a different question I would refer him to the large increase in wages that has taken place since October. 1964.