HC Deb 08 April 1982 vol 21 cc1082-3
15. Mr. Knox

asked the Chancellor of the Exchequer whether he will review the progress of the economy before the end of the current financial year with a view to making further reductions in the level of taxation.

Sir Geoffrey Howe

I keep the progress of the economy constantly under review.

Mr. Knox

In view of the necessity to boost demand and so reduce unemployment, will my right hon. and learned Friend review the economy with a view to cutting taxes sooner rather than later?

Sir Geoffrey Howe

The Budget, with the tax changes that it made, was designed to give encouragement to industry and employment consistent with the maintenance of a responsible fiscal framework. More tax cuts would have increased the PSBR and threatened confidence both at home and abroad.