§ 108. Mr. Nottasked the Chancellor of the Exchequer what was the yield of income tax on personal incomes as a percentage of gross national product in 1951, 1964, 1968, and 1969 to the latest date for which figures are available; and what is the amount which the change in this percentage between 1964 and 1969 represents out of the 1969 gross domestic product at current prices and at an annual rate.
§ Mr. TaverneTaxes on income paid by the personal sector amounted to 9.0 per cent. of gross national product at factor cost in 1951, 9.5 per cent. in 1964, 12.4 per cent. in 1968 and 13.7 per cent. in the first three quarters of 1969 (seasonally adjusted). Had this percentage been the same in the first three quarters of 1969 as it was in 1964, the tax payments would have been about £1,570 million lower expressed at an annual rate, equivalent to 4.2 per cent. of the gross domestic product at factor cost in the same period.