HC Deb 30 March 1971 vol 814 cc316-7W
37. Mr. Cronin

asked the Chancellor of the Exchequer what estimate he has made of the effect of a reduction of income tax on the lower-taxed incomes on unemployment and industrial investment.

Mr. Higgins

Provided it was appropriate from the point of view of responsible demand-management, any reduction in income tax would tend to make unemployment lower, and industrial investment higher, than would otherwise be the case.