§ Mr. Loveridgeasked the Chancellor of the Exchequer what representations he has received that a top marginal rate of taxation on earned income of 83 per cent. lowers output on investment and asking him to change his proposals in this regard; and what replies he has sent.
§ Dr. GilbertI have received some representations to this effect. As my right hon. Friend said in his Budget Statement—[Vol. 871, c. 322]—he thinks it right that the heaviest burdens should be placed on the broadest backs.