§ Mr. Wakehamasked the Secretary of State for Trade whether he is able to assess the effects on the United Kingdom's export trade of the introduction of 25 per cent. VAT on the home market sales of small boats.
§ Mr. DeakinsNo estimate is available of the indirect effects of the increase in the tax rate on the exports of small boats, but any estimate would need to take into account a number of factors including the state of overseas demand and the relative price competitiveness of our small boats, as well as the state of domestic production.