HC Deb 08 May 1968 vol 764 c112W
Mr. Oakes

asked the Chancellor of the Exchequer what was the total number of consignments and what was the total value of consignments of textiles goods confiscated by Her Majesty's Customs for infringement of import regulations for each of the quarter in the last three years.

Mr. Harold Lever

The following is the information:

of the loss to the revenue on the basis that Income Tax is reduced to 8s. and 7s. 9d in the pound.

Mr. Harold Lever

To reduce the standard rate of tax to 8s. and 7s. 9d. would cost £70 million and £141 million respectively in a full year (£66 million and £132 million in 1968–69).