HC Deb 18 July 1972 vol 841 c71W
Mr. Adam Butler

asked the Chancellor of the Exchequer what is the most up-to-date estimate of the total yield from purchase tax in the current financial year and of the loss to the revenue of the reduction.

Mr. Higgins

£1,315 million; the reduction is estimated to cost £135 million in 1972–73 and £175 million in a full year.