§ Mr. Ridleyasked the Chancellor of the Exchequer what has been the total amount of taxation paid by the nationalised industries to the nearest convenient date in profits tax, income tax, and corporation tax.
§ Mr. DiamondTotal direct tax paid by nationalised industries in the period 1946–65 inclusive was approximately £192 million. This figure excludes tax paid by these industries but recovered by deduction from payments of interest. It includes tax paid during the period of nationalisation by industries subsequently returned to private ownership.