§ Mr. Newtonasked the Secretary of State for Employment by how much the retail price index would be increased as a result of the higher net cost of mortgage interest if the basic rate of income tax were cut to (a) 30 per cent. and (b) 25 per cent.
§ Mr. Harold WalkerIt is estimated that changes in the basic rate of income tax of the specified magnitudes would increase the present level of the retail prices index by about a quarter of 1 per cent. and a half of 1 per cent., respectively.