§ Mr. W. Clarkasked the Chancellor of the Exchequer what would be the cost to the Exchequer if stamp duty on shares, etc., was reduced from 2 per cent. to 1 per cent.; if it was abolished on all transactions where the transfer amount did not exceed £100; and if it was abolished altogether.
§ Mr. BarberThe cost of reducing the duty on share transfers from 2 per cent. to 1 per cent. would be nearly £25 million in a full year and the cost of abolishing it would be nearly £50 million. It is not possible to estimate the cost of abolishing the duty on all transactions where the consideration did not exceed £100 since there would be no effective means of ensuring that
GROSS FIXED INVESTMENT AS A PROPORTION OF GROSS NATIONAL PRODUCT AT FACTOR COST — 1957 1958 1959 1960 1961 United Kingdom … … … … 17.4 17.2 17.5 18.3 19.0 West Germany … … … … 25.3 25.5 26.8 27.7 29.1 Italy … … … … 24.4 23.1 23.6 25.3 26.3 France … … … … 22.3 21.7 21.2 20.7 21.2 Japan … … … … 29.2 29.7 31.0 34.8 n.a. Norway … … … … 31.8 36.0 32.5 31.3 32.8 Sweden … … … … 21.7 22.8 23.9 24.5 24.8 United States of America … … … 19.0 17.8 18.3 18.0 17.4