§ Mr. John Carlisleasked the Chancellor of the Exchequer whether he will consider a dispensation of the increased rate of value added tax on showground admissions in the special circumstances which apply to agricultural societies.
§ Mr. Peter ReesI regret that we cannot allow such a dispensation.
§ Mr. Marlowasked the Chancellor of the Exchequer what is the loss of value added tax resulting from strikes in British industry in the last 12 months.
§ Mr. Peter ReesIt is not possible to make an estimate of the increase or decrease in VAT revenue. Value added tax is a tax on expenditure. The connection between variations in expenditure and variations from whatever cause in output and earnings is tenuous.