§ Mr. J. H. Osborn
asked the Chancellor of the Exchequer what additional aid would have to be given by Great Britain in the current year to meet the United Nations Conference for Trade and Development target of 1 per cent. of gross national income; what rate of Income Tax would be necessary to meet this increase; and what would be the equivalent rate of Income Tax needed if the total figure were met by a special Income Tax levy.
§ Mr. Diamond
In 1964, the last year for which we have complete information, the flow of net official and private capital from the United Kingdom amounted to approximately 1 per cent. of the gross national product. There is no reason to suppose that the overall percentage in 1966 will be significantly different. The latter parts of the Question do not therefore arise.