§ Mr. Craigenasked the Chancellor of the Exchequer what would be the estimated loss of revenue in a full year of a reduction in the present 15 per cent. rate of value added tax to 12½ per cent.; by how much such a reduction would decrease the retail prices index; and whether, and to what extent, he estimates that this would facilitate employment growth.
§ Mr. Bruce-GardyneI shall let the hon. Member have a reply as soon as possible.