§ Mr. Stratton Millsasked the Chancellor of the Exchequer if he will implement the Report of the Royal Commission on the Taxation of Profits and Income regarding the treatment of expenses under Schedule E and Schedule F; and if he will make a statement.
§ Mr. MacDermotI assume that the recommendation of the Royal Commission which the hon. Member has in mind is that in favour of a relaxation of the expenses rule under Schedule E. On this, I cannot anticipate my right hon. Friend's Spring Budget.