HC Deb 15 June 1965 vol 714 c51W
53. Sir C. Osborne

asked the Chancellor of the Exchequer what estimate he has made of the extent to which his new taxation, together with the £300 million insurance contributions, will be sufficient to finance the additional Government expenditure of 8.9 per cent. above last year; if he will give an assurance that he will reduce Government expenditure before imposing further taxation; and if he will make a statement.

Mr. Diamond

The increased yields from taxation and National Insurance contributions will be more than enough to cover the increase in Supply expenditure and the increase in National Insurance benefits.