§ Mr. Pardoeasked the Chancellor of the Exchequer if he will estimate what the £5,000 base rate above which traders are obliged to register for VAT would have to be now in order to give it the same real value as when it was introduced.
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§ Mr. Robert SheldonI would refer the hon. Member to the reply I gave to the hon. Member for Bournemouth, East (Mr. Cordle) on 24th November 1975.