HC Deb 29 June 1971 vol 820 c75W
Mr. Golding

asked the Chancellor of the Exchequer (1) what reductions in the cost of living will follow the reduction of selective employment tax for laundries;

(2) what reduction in the cost of living is estimated to follow the reduction of selective employment tax for banks.

Mr. Higgins

It is not possible to make a quantitative estimate of the effect the cut in S.E.T. paid by laundries and banks will have on the cost of living.