HC Deb 28 January 1969 vol 776 cc1099-100
25. Mr. Edward M. Taylor

asked the Chancellor of the Exchequer what has been the increase in the total sum collected in taxation, comparing the year 1964–65 with the estimate of tax revenue in the year 1968–69.

Mr. Diamond

After making the appropriate adjustments for S.E.T. refunds and the change to investment grants, but before making the necessary adjustment for increased prices, £3,711 million.

Mr. Taylor

Is not this a frightening figure, and does it not show that, in the short period of four years, there has been an increase of about £6 a week in the tax burden of the average family in Britain? How can the Government expect to solve their economic problems so long as enterprise and initiative are so stifled in this way?

Mr. Diamond

I do not accept that enterprise and initiative are stifled at all; they are encouraged.

Mr. Rankin

Can my right hon. Friend give any examples of aircraft purchased from this country by the United States?

Mr. Diamond

I think that we are ahead of my hon. Friend. He is on the previous Question, which was not asked.

Mr. Peyton

What did the right hon. Gentleman mean in his original Answer by the reference to increased prices? Is it not totally wrong to take this into account, when the Government themselves have a large measure of responsibility for increases in prices?

Mr. Diamond

No, Sir. I just wanted to make the point that, when one is measuring a distance, one should use a constant ruler.