§ Sir A. Gridleyasked the Chancellor of the Exchequer whether he can give an approximate estimate of the probable national expenditure to be provided by the first post-war Budget, assuming the National Debt to be then £20,000,000,000; and what rate of Income Tax would need to be imposed to raise such estimated sum if all taxation was direct?
§ Sir K. WoodAs I explained in a reply on 21st January to my hon. Friend the Member for South Kensington (Sir W. Davison) the settlement of policy on most important post-war questions has not yet reached a stage at which it is possible to publish estimates of cost. I regret, therefore, that I cannot supply the estimates asked for in the present Question.