§ 48. Mr. Meacherasked the Chancellor of the Exchequer what evidence he has of the extent to which extra tax reliefs provided by the Government since the 1970 election have been channelled into investment.
§ Mr. Maurice MacmillanIt is impossible to measure the precise impact upon private investment of the several tax reductions made by this Government, but they represent a significant contribution to industrial profitability and liquidity and have facilitated investment.