§ Mr. Joplingasked the Chancellor of the Exchequer by how much he estimates the yield from taxation would be increased in the year 1972–73 by the abolition of stamp duties from 6th April, 1972.
§ Mr. Patrick JenkinIf stamp duties were abolished from 6th April, 1972 there would be a loss of stamp duty revenue of over £100 million. I have made no estimate of the effects on other taxation.