HC Deb 23 February 1976 vol 906 c87W
Mr. Michael Marshall

asked the Chancellor of the Exchequer what progress has been made in his consultations with the National Federation of Self Employed.

Date Net Price Effect (Percentage of RPI) Major Measures
March 1974 … − 0.5 Increase in Customs duties and VAT coverage (+ 1.7).
Food subsidies and rent freeze (−2.2).
July 1974 … − 1.5 Reduction in standard rate of VAT (−1.0).
Rates relief and needs allowances (−0.5).
November 1974 … + 0.6 Increase in VAT rate on petrol to 25 per cent.
April 1975 … + 2.8 Increase in Customs and Excise duty rates and vehicle excise duty.
Higher rate of VAT on less essentials.
Total … + 1.4