HC Deb 14 July 1988 vol 137 cc307-8W
49. Mr. Sumberg

To ask the Chancellor of the Exchequer how many(a) personal and (b) business taxes have been (i) lowered and (ii) abolished since 1979.

Mr. Norman Lamont

It is not possible to draw a rigid distinction between personal and business taxes; income tax, for example, is paid by individuals, trusts and unincorporated and certain other businesses.

Mr. Major

I refer my hon. Friends to the Budget forecast which projected a rise of 9 per cent. in the real level of business investment between 1987 and 1988.