§ 4. Mr. Wingfield Digbyasked the Chancellor of the Exchequer what is his estimate of the administrative cost, in men and money, of introducing tax value added.
§ The Chief Secretary to the Treasury (Mr. John Diamond)I have nothing to add to what my hon. Friend the Financial Secretary said in reply to a Question from my hon. Friend the Member for Heywood and Royton (Mr. Barnett) on 29th January.—[Vol. 776, c. 334–5.]
§ Mr. DigbyWould the right hon. Gentleman agree that, although the cost is high, this tax has many advantages in the export field, although it has many disadvantages?
§ Mr. DiamondI agree that it has many advantages and many disadvantages. The advantages have not been exactly proven.