§ Mr. Arthur Lewisasked the Secretary of State for Employment what is his estimate of the reduction or increase in the cost of living resulting from the Budget proposals on the bases, respectively, that all tax cuts are passed on to the consumer and that no such tax cuts are passed on.
§ Mr. HigginsI have been asked to reply.
I do not envisage that the cuts will be either fully passed on or fully retained and estimates of this type would not be meaningful.