Capital Transfer Tax (Works of Art)

HC Deb 02 July 1979 vol 969 cc453-4W

Mr. Faulds

asked the Chancellor of the Exchequer whether he will in future

side of the economy, while the indirect tax increases should produce only a temporary rise in the rate of inflation. Thereafter, strict fiscal and monetary policies will reduce inflation and create the essential conditions for sustained growth in output and higher employment.