Taxation (1951–52 and 1963–64)

HC Deb 28 July 1964 vol 699 c229W

18. Mr. Ridley

asked the Chancellor of the Exchequer what is the difference in yield between the present rates of taxation and those which appertained in 1951.

Mr. Green

In 1951–52 taxation yielded £4,193 million, which represents 32.5 per cent. of the Gross National Product; in 1963–64 the lower rates of taxation in force yielded £6,651 million, which represents 24.7 per cent. of Gross National Product.