§ Mr. Meacherasked the Chancellor of the Exchequer by how many pence per week a 1 per cent. increase in VAT would put up the cost of living of the average family, and of the family on half average income and double average income, respectively; what percentage increase in the retail price index this represents; and what are the similar figures for a 5p increase in petrol tax and a 5 per cent. devaluation of the green pound.
§ Mr. Peter ReesI shall let the hon. Member have a reply as soon as possible.
§ Mr. Meacherasked the Chancellor of the Exchequer what would be the gain in revenue from a 1 per cent. increase in VAT.
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§ Mr. Peter ReesI shall let the hon. Member have a reply as soon as possible.