Income Tax and Corporation Tax

HC Deb 21 June 1971 vol 819 cc221-2W

Mr. Mudd

asked the Chancellor of the Exchequer what estimate he has now made of the benefits derived from the reduction in the standard rate of income tax and the cut in corporation tax.

Mr. Patrick Jenkin

While I have no doubt that these two cuts will result in economic benefits to the country as a whole, I regret that these cannot be quantified.