HC Deb 28 November 1995 vol 267 c1063

I have had to consider carefully where tax cuts might fall. Since 1979, this Government have shifted the tax burden away from direct taxes, which fall on income and employment, and towards indirect taxes on spending and consumption. That is the best way to encourage enterprise and investment and it is the best way to improve the long-term performance of the British economy. Before moving on to direct tax, let me run through my proposals for indirect taxes.

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