§ Mr. Loveridgeasked the Chancellor of the Exchequer what is his estimate of the reduction in investment expected as a consequence of the extra corporation tax to be introduced due (1) to the 52 per cent. rate, and (2) to the 42 per cent. rate.
§ Dr. GilbertIn the short term, changes in the level of company taxation have only a marginal effect on the level of investment. In the longer term business men look to the prospective growth of demand for their products.