Import Deposits (Hansard, 17 February 1970)

HC Deb 17 February 1970 vol 796 c184 184

§ 4. Mr. Blaker
asked the Chancellor of the Exchequer if he will now reduce the rate of import deposits to 20 per cent.

§ The Chancellor of the Exchequer (Mr. Roy Jenkins)
No, Sir.

§ Mr. Blaker
Why not?

§ Mr. Jenkins
Because I believe the scheme is still serving a useful purpose. While I believed it right to reduce the rate of deposit to 40 per cent., one should proceed gradually in getting rid of schemes which serve a useful purpose.