HC Deb 19 March 1968 vol 761 cc251-322
Mr. Speaker

Before I call Mr. Chancellor of the Exchequer, it may for the convenience of hon. Members if I remind them of the procedure which the Leader of the House suggested last Thursday night might be followed at the end of the Budget speech, and refer briefly to the subsequent proceedings, particularly as this is a new occasion. At the end of the Chancellor's speech, copies of the Budget Resolutions will not be handed round in the Chamber as has been the practice in recent years, but they will be available to hon. Members in the Vote Office.

Under the new procedure, the first Resolution will be one to apply the provisions of the Provisional Collection of Taxes Act, 1968, to certain of the proposals to be contained in the subsequent Resolutions. Under Standing Order No. 90(1), the Chair is required to put the Question on this Resolution forthwith.

When the first Resolution has been disposed of, the Chair will propose the Question on the second Resolution. This, I understand, will be the general Resolution entitled "Amendment of the Law", which, under the former procedure, was always printed as the last Resolution, and on this Resolution the Budget debate will take place today, and on the remaining days allotted to it.

Finally, when that Resolution has been agreed to next Monday evening, it will be my duty, under Standing Order No. 90(2), to put successively the Questions on each of the remaining Budget Resolutions without Amendment or debate, but with the possibility of a Division in each case.

    cc251-3
  1. I. INTRODUCTION 721 words
    2. cc253-8
  2. II. EXTERNAL POSITION 752 words
      3. cc255-7
    1. Prospects for 1968–69: Current Account 491 words
      2. cc257-8
    2. Prospects for 1968–69: the Capital Account 517 words
      3. c258
    3. Conclusion 142 words
    cc258-66
  3. III. THE BUDGET JUDGMENT 3,146 words
  4. IV. GOVERNMENT FINANCE: OUTTURN AND PROSPECTS
      5. c267
    1. The Financial Statement 135 words
      2. cc267-8
    2. 1967–68 Provisional Outturn 228 words
      3. c268
    3. 1968–69 Prospects 305 words
      4. cc268-9
    4. Central Government net balance 193 words
    cc269-73
  5. V. MONETARY POLICY 732 words
      6. c271
    1. National Savings Certificates 97 words
      2. cc271-2
    2. British Savings Bond 125 words
      3. c272
    3. Premium Savings Bonds 140 words
      4. cc272-3
    4. National Lottery 392 words
    cc273-7
  6. VI. TAX CHANGES: INTRODUCTION 1,483 words
  7. VII. TAX CHANGES: CUSTOMS AND EXCISE
      8. cc277-8
    1. Betting and Gaming 289 words
      2. c278
    2. Gaming Licence Duty 221 words
      3. cc278-9
    3. Alcoholic Drink and Tobacco 300 words
      4. c279
    4. Hydrocarbon Oils 139 words
      5. cc279-81
    5. Purchase Tax 729 words
      6. cc281-2
    6. Anglo-Irish Free Trade Agreement 129 words
      7. c282
    7. Renewal of the Regulator 44 words
  8. VIII. TAX CHANGES: OTHER INDIRECT TAXATION
      9. cc282-6
    1. Vehicle Excise Duties 1,744 words
      2. cc286-7
    2. Redundancy Payments Contribution 232 words
    cc287-96
  9. IX. TAX CHANGES: DIRECT TAXATION 184 words
      10. c288
    1. Estate Duty 298 words
      2. cc288-9
    2. Corporation Tax Amendments 142 words
      3. c289
    3. Purchases and Sales of Know-how 148 words
      4. c289
    4. Double Taxation Credit 116 words
      5. cc289-90
    5. Interest on Arrears of Tax 141 words
      6. c290
    6. Post-Cessation Receipts 216 words
      7. cc290-1
    7. Life Assurance 381 words
      8. c292
    8. Apportionment of Marriage Allowance 154 words
      9. cc292-3
    9. Income of Minors 438 words
      10. cc293-5
    10. Personal Taxation 766 words
      11. c295
    11. Age Allowance 138 words
      12. c296
    12. Rate of Income Tax 130 words
    cc296-300
  10. X. TAXATION OF BENEFITS FROM OWNERSHIP 307 words
      11. c297
    1. Corporation Tax 131 words
      2. cc297-9
    2. Capital Gains Tax 629 words
      3. cc299-300
    3. Special Charge 644 words
    cc300-22
  11. XI. CONCLUSION 586 words
      12. c302
    1. PROVISIONAL COLLECTION OF TAXES 156 words
      2. cc303-22
    2. AMENDMENT OF THE LAW 7,126 words