HC Deb 27 October 1970 vol 805 c24W
65. Mr. Leadbitter

asked the Chancellor of the Exchequer if it is the policy of Her Majesty's Government to abolish capital gains tax, reduce corporation tax, eliminate selective employment tax and reduce income tax this year; and what loss to the revenue will be involved by these measures.

Mr. Higgins

The Government's policy, as stated in our Election Manifesto, is to reduce taxation; simplify the tax system; and abolish the selective employment tax. The necessary proposals, giving details of the cost to the revenue, will be brought before Parliament at the appropriate time.