Tax Revenue

HC Deb 30 March 1971 vol 814 cc1349-50

30. Mr. Dixon

asked the Chancellor of the Exchequer what was the total tax revenue in 1969–70 compared with 1964–65, both in absolute terms and in terms of 1964–65 prices.

Mr. Maurice Macmillan

Total tax revenue in 1964–65 was £7,431 million. The gross tax yield in 1969–70 was £14,733 million, but after adjustment for S.E.T. refunds, and so forth, a comparable total is £12,643 million, which is estimated to amount to about £10,600 million in terms of 1964–65 prices.

Mr. Dixon

Do not those figures clearly demonstrate to the British people that they will always be more taxed under Labour than under the Conservatives, and that, whatever the Chancellor's announcements may be later this afternoon, the British people will know that had there been a Labour Government in power taxes would have been even higher in 1971?

Mr. Macmillan

They make clear that the comparable figures for 1969–70 and for 1964–65 are as 10 to seven.