HC Deb 24 May 1966 vol 729 cc65-6W
Mr. Wyatt

asked the Chancellor of the Exchequer, in view of the fact that the value of the copper content of a penny is more than one penny, if he will have minted lighter coinage of less content value.

Mr. Callaghan

In view of the proposed decimalisation of the currency in

TAXES AND SOCIAL SECURITY CONTRIBUTIONS AS PERCENTAGE OF G.N.P. AT FACTOR COST
Total taxes and contributions Direct taxes on householders Direct taxes on corporations Indirect taxes Social security contributions
United Kingdom … 32.5 9.4 2.8 15.4 5.0
Belgium … 32.9 7.4 2.0 13.7 9.8
France … 44.6 5.1 2.4 21.0 16.2
Italy … 35.8 7.3 15.5 13.0
Netherlands … 36.4 11.2 11.2 11.2 11.3
West Germany … 40.3 9.6 9.6 16.5 11.2
United States … 29.7 9.9 9.9 10.3 4.8

1971, any change in size or denomination will be considered in conjunction with that.