Tax Cuts (Imports)

HC Deb 24 January 1985 vol 71 c498W

28. Mr. Sedgemore

asked the Chancellor of the Exchequer if he will make a statement about the impact of tax cuts on imports.

Mr. Moore

Tax cuts will raise disposable incomes and spending, and part of the additional spending will be on imports. But they will also improve the supply performance of the economy, increasing exports and encouraging import substitution.