§ 52. Mr. Nabarro
asked the Chancellor of the Exchequer whether he is now satisfied that the reductions in Purchase Tax which he made in the last Budget and which were then estimated by him to cost £30 millions this year, and £41 millions in a full year, will in fact so stimulate production and consumption as to lead to an actual increase in the total revenue from Purchase Tax for the current financial year; and whether he will take this into account in deciding what further substantial reductions in Purchase Tax he can make in the near future.
It is not the practice to publish any revision of the Budget estimates during the course of the financial year. As to the second part of the Question, I would refer my hon. Friend to the reply given to the hon. Member for Barnsley (Mr. Mason) on 18th November.