§ 95. Mr. Bryant Godman Irvineasked the Chancellor of the Exchequer by what sum the standard rate of income tax requires to be raised in order to increase the British contribution to overseas aid from 0.42 per cent. of the gross national product to 1 per cent.; and what is his estimate of the increase required on the basis that credit is given for the private flow of 0.41 per cent. of the gross national product.
§ Mr. William RodgersOn 1968 figures, and on the arbitrary assumption that the whole target was due to be met by official aid, the reply to the first part of the question would be about 10d. On the second part, assuming a private flow of 0.41 per cent., the standard rate increase required would be about 3d.