HC Deb 27 April 1977 vol 930 cc365-6W
Mr. Hardy

asked the Chancellor of the Exchequer what is his estimate of the cost to the Exchequer of a further reduction of one penny in the rates of income tax.

Mr. Robert Sheldon

I will let my hon. Friend have a reply as soon as possible.

Mr. Denzil Davies

The table below shows estimates of the net acquisition of financial assets of industrial and commercial companies—which include oil companies—and of financial companies, both before and after seasonal adjustment.