Value-Added Tax

HC Deb 10 February 1970 vol 795 c305W

Mr. Arthur Lewis

asked the Chancellor of the Exchequer to what extent and on what basis a value added tax would have

PERCENTAGE OF GROSS NATIONAL PRODUCT
	1970–71	1971–72	1972–73	1973–74
	Per cent.	Per cent.	Per cent.	Per cent.
Defence Budget	5.6	5.3	4.9	4.8
Overseas aid	0.6	0.6	0.6	0.7
Technological services and other assistance to employment and industry	2.8	2.7	2.6	2.4
Housing	2.9	2.9	3.0	3.0
Education	6.0	6.1	6.0	6.0
Health and Welfare	4.8	4.9	4.9	4.9
Social Security	9.2	9.1	9.1	9.1