§ Mr. Powellasked the Chancellor of the Exchequer how much more tax annually the British people would now be paying than at present, if the rates of tax in force at the last General Election were in force now and prices and remuneration were now at the levels then prevailing.
§ Mr. NottOn the assumption of 1970–71 levels of prices, incomes and consumption, current rates of tax would collect about £3,800 million less in a full year than the rates prevailing in June 1970.