§ 7. Mr. Adamsasked the Chancellor of the Exchequer the estimated cost of removing Purchase Tax altogether on those articles which were taxed at the rate of 33⅓ per cent. before 15th April.
§ Mr. Boyd-CarpenterAbout £94 million in a full year, in addition to £30 million in a full year which is the cost of the reduction announced in the Budget.
§ 8. Mr. Adamsasked the Chancellor of the Exchequer the separate cost in each of the three ranges of Purchase Tax of the changes made in the Budget.
§ Mr. Boyd-CarpenterI estimate the cost in a full year of the tax reductions on goods formerly charged at 100 per cent., at £8 million; on goods formerly charged at 66— per cent., at about £22 million; and on those formerly charged at 33⅓ per cent., as stated in my earlier answer, about £30 million. In the present year the cost will be, respectively, £6 million, £16½ million, and £22½ million.