§ 43. Mr. David Howellasked the Chancellor of the Exchequer if he is aware of the recommendation in a recent Fabian pamphlet, a copy of which has been sent to him, that the top rate of tax on personal income should be lowered to 66⅔ per cent.; and whether he will take steps to reform the taxation system accordingly.
§ Mr. CallaghanYes. Like all the other pamphlets in this series I found it well worth studying, but I have no statement to make at this stage.