§ Mr. Moonmanasked the Chancellor of the Exchequer what proposals he has for changes in stamp duties in connection with decimalisation of the currency; and whether he will make a statement.
§ Mr. TaverneDecimalisation will necessitate a considerable number of changes in stamp duties. I have no proposals for legislation this year, but it may be of assistance in making plans for64W decimalisation if I say now how I am approaching the problem. Subject to budgetary considerations, my intention will be to break even in terms of revenue; practical considerations will make some increases necessary but there will also be decreases. I have it in mind to make the adjustments in such a way that, apart from the present 2d. duties which I shall have to consider further, all charges to stamp duty will be at the rate of 5 new pence or in multiples of 5 new pence.