§ Sir W. Darlingasked the Chancellor of the Exchequer is he is aware that the imposition of uplift on merchandise subject to Purchase Tax is not only inflationary, but adds to price and thereby increases the cost of living; and if he will, as a prelude to the abolition of Purchase Tax, withdraw uplift entirely.
§ Mr. Boyd-CarpenterI cannot accept the assumption made in the first part of the Question. The object of uplift is to equalise assessments of value as between different methods of trading. The basis of the valuations is under consideration in connection with the recommendations of the Grant Committee.