§ 32. Mr. Geoffrey Lloydasked the Chancellor of the Exchequer what research he has sponsored to ascertain the 39W incentive or disincentive effect of different forms of taxation.
§ Mr. CallaghanThe effects of taxation on the economy is the subject of continuous research through the normal administrative process of Government. I am willing to consider suggestions for commissioning specific projects in this field where there are fairly precise methods of undertaking a study which will give useful results.