§ Mr. Ralph Howellasked the Chancellor of the Exchequer what is the latest estimate of revenue in 1974–75 from (a) direct taxation and (b) indirect taxation less all subsidies; and how these figures compare with revenue from the same sources in 1973–74.
§ Dr. GilbertThe latest estimates on a comparable basis for the yield of central Government taxes and for central Government expenditure on subsidies in the current financial year compared with the figures for 1973–74 are as follows:
£ million 1974–75 1973–74 Direct taxation 14,111 10,444 Indirect taxation 8,205 7,008 Less subsidies 2,899 1,377 NET TOTAL 19,417 16,075