HC Deb 15 December 1970 vol 808 c1099
15. Sir B. Rhys Williams

asked the Chancellor of the Exchequer what steps he proposes to take to encourage the repatriation of British capital.

Mr. Macmillan

I have no new proposals to make at the present time.

Sir B. Rhys Williams

Does my hon. Friend recognise the tremendous advantages for the whole British people, not just for the City, of making London into a tax haven; and will he make a start by eliminating surtax?

Mr. Macmillan

With respect to my hon. Friend, that is going slightly wide of the repatriation of British investment overseas.

Mr. Arthur Lewis

Is the Minister aware that the proposal would be well received by the police and the electricity workers earning £15 to £20 a week, who would love to get their surtax cut?

Mr. Macmillan

If my hon. Friend's supplementary question were a little wide of the point, the hon. Gentleman's is even wider.