HC Deb 25 January 1972 vol 829 c358W
34. Mr. David James

asked the Chancellor of the Exchequer whether he will consider reducing the level of estate duty in real terms to the level applying in 1949.

Mr. Maurice Macmillan

I have noted my hon. Friend's proposal to reduce the level of estate duty.

Mr. David James

asked the Chancellor of the Exchequer what has been the annual yield from estate duty in each financial year since 1949–50.

Mr. Patrick Jenkin

The net receipts of estate duty for Great Britain were as follows:

£ million
1949–50 166.3
1950–51 174.2
1951–52 176.3
1952–53 150.6
1953–54 160.1
1954–55 186.6
1955–56 174.4
1956–57 167.2
1957–58 171.4
1958–59 186.7
1959–60 226.2
1960–61 235.9
1961–62 261.1
1962–63 270.4
1963–64 312.4
1964–65 296.5
1965–66 292.9
1966–67 300.9
1967–68 329.9
1968–69 381.9
1969–70 364.8
1970–71 356.6