HC Deb 25 July 1980 vol 989 cc399-400W
Mr. Arthur Lewis

asked the Chancellor of the Exchequer, in the light of the fact that the Government of Argentina have decided to abolish income tax on the wages and salaries of workers earning up to £537 per month and only to tax the rich, landlords, and investment income, whether he will investigate the practice to ascertain to what extent this would encourage employment, production, and a drop in inflation in the United Kingdom.

Mr. Peter Rees

No. Increasing the tax allowances before we can afford to do so is likely to add to the problems of inflation and unemployment rather than cure them.