§ 15. Mr. Knoxasked 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 HoweI keep the progress of the economy constantly under review.
§ Mr. KnoxIn 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 HoweThe 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.