§ Mr. Newtonasked the Chancellor of the Exchequer if he will give details of the calculations underlying his statement that income tax rates would have risen between 10 and 14 per cent. by 1980 in the absence of the expenditure reductions set out in Command Paper No. 6393.
§ Mr. Joel BarnettI am not able to give the details the hon. Member is asking for. The estimate is derived from the projections in the medium-term assessment, and there are a great many stages in the calculation; it would be quite impracticable to set these out.