§ 3. Mr. Molloyasked the Chancellor of the Exchequer whether he will review taxation policy to reduce income tax for the low-paid worker, pensioners, and the fixed-income groups in the lower-income brackets; and if he will make a statement.
§ The Financial Secretary to the Treasury (Mr. Patrick Jenkin)The hon. Member will not expect me to anticipate my right hon. Friend's Budget Statement.
§ Mr. MolloyWould the hon. Gentleman not agree that in these days of constantly rising prices, Government pledges notwithstanding, it would be quite wrong to give relief to the well-off rather than the old-age pensioners and those enumerated in my Question? Is the hon. 1332 Gentleman aware that if this is not done it will be a reversal of the compassionate society which the Labour Government initiated?
§ Mr. JenkinI can tell the hon. Member that no groups stand to benefit more from the Government's successful fight against inflation than those listed in his Question.