§ Sir C. Osborneasked the Chancellor of the Exchequer, in view of the results from companies showing that though turnover is up, profits are down, what reduction of income from taxation on company profits he now anticipates for the current financial year; how he proposes to replace that loss; and if he will make a statement.
§ Mr. MacDermotSuch information as is available about the recent total of company profits does not indicate any need for a revision of my right hon. Friend's Budget proposals.