Mr. Ted Fletcherasked the Chancellor of the Exchequer what revenue he estimates will accrue in a full year as a result of the imposition of Purchase Tax on knitting wool, knitting yarn and rug wool.
§ Mr. Harold LeverAbout £5 million.
Mr. Ted Fletcherasked the Chancellor of the Exchequer what research he undertook before reaching a decision to tax knitting wool; and to what extent he took into consideration the fact that children's manufactured garments remain free of tax and the mother who knits for her children by hand will now pay tax on her raw materials.
§ Mr. Harold LeverMy right hon. Friend took all relevant considerations into account when framing his Budget proposals.