§ 21. Mr. Norman Lamontasked the Chancellor of the Exchequer what is his estimate of the total revenue that will be raised by purchase tax and selective employment tax in 1972–73 and how much greater this would be if the rates of these taxes were equivalent to those prevailing in 1970–71.
§ Mr. HigginsPurchase tax and SET together are expected to raise £1,540 million in 1972–73. The same levels of consumption and employment would produce £2,330 million if 1970–71 rates were applied.
§ 42. Mr. Selwyn Gummerasked the Chancellor of the Exchequer how many letters he has received asking him to retain the selective employment tax; and what replies he has sent.
§ Mr. HigginsNone.