§ 53. Sir C. Osborneasked the Chancellor of the Exchequer what estimate he has made of the extent to which his new taxation, together with the £300 million insurance contributions, will be sufficient to finance the additional Government expenditure of 8.9 per cent. above last year; if he will give an assurance that he will reduce Government expenditure before imposing further taxation; and if he will make a statement.
§ Mr. DiamondThe increased yields from taxation and National Insurance contributions will be more than enough to cover the increase in Supply expenditure and the increase in National Insurance benefits.