§ Sir D. Rentonasked the Chancellor of the Exchequer if he will estimate the cost to the Exchequer in a full year of removing from the scope of purchase tax the items that were included as a result of the Finance Act, 1969 and of reducing the rates of other items at present subject to purchase tax, in the case of those subject to the 13¾ per cent, rate, to 10 per cent., and in the case of those subject to the 22 per cent, rate, to 15 per cent.
§ Mr. TaverneAbout £160 million in all.
§ Mr. Doughtyasked the Chancellor of the Exchequer if he will estimate the cost to the Exchequer in a full year of reducing the 36⅔ per cent, rate of purchase tax to 25 per cent., and the 55 per cent, rate of purchase tax to 25 per cent.
§ Mr. Taverne:About £220 million in all.
§ Mr. Gwynfor Evansasked the Chancellor of the Exchequer what is his estimate of the effect of taking off the regulation of 10 per cent, which was added to purchase tax in 1968.
§ Mr. TaverneReverting to the purchase tax rates introduced in the 1968 Budget would cost about £100 million a year.