Monday, 7 April 1941
The House being met, the Clerk at the Table informed the House of the unavoidable absence, through indisposition, of MR. SPEAKER from this Day's Sitting. Whereupon Sir DENNIS HERBERT, the...
The VICE-CHAMBERLAIN OF THE HOUSEHOLD (Major Sir JAMES EDMONDSON) reported His Majesty's Answer to the Address, as followeth:
As amended, considered; to be read the Third time.
Ordered, ''That the Proceedings on Government Business be exempted at this day's Sitting from the provisions of the Standing Order (Sittings of the House)." —[Mr Attle.]
The House being met, the Clerk at the Table informed the House of the unavoidable absence, through indisposition, of MR. SPEAKER from this Day's Sitting. Whereupon Sir DENNIS HERBERT, the...
Considered in Committee.
It has been the practice for many years for the Chancellor of the Exchequer, in introducing his Budget, first to make to the Committee a careful and detailed statement and examination of the...
With that general background in our minds, the Committee will perhaps allow me to pass fairly rapidly in review certain features of expenditure and revenue in the past financial year. On the...
The last figure brings me to the changes in the National Debt during the year. In addition to covering the deficit, we also had to borrow, among other purposes, to provide £104,000,000 to...
All this does not, I feel, give a complete picture to enable Parliament to form a constructive judgment of our position and of our financial policy. I would prefer to examine in broad outline the...
Now it is time for me to turn to the future. In estimating total expenditure, not only am I faced with the difficulties of looking so far ahead as 12 months, but also there is this year the most...
Let me now turn to the revenue side of the accounts. As regards Inland Revenue Duties, on the basis of the existing rates of tax I assume that the yield of Income Tax will be £605,000,000 in...
Before I deal with the major financial problems of the year, there are certain miscellaneous matters of which it would be convenient for me to dispose at this stage. The £4 per cwt. duty on...
I now come to the Excess Profits Tax. The general principle of the tax commends itself to all sections of opinion but there have been many representations regarding the ill-effects of the 100 per...
Before I develop my proposal for dealing with that gap, there is another very important matter to which I must now refer—a matter which is very relevant to any consideration of the question...
Now I must return to the actual problem presented to me by the potential inflationary gap which, as the Committee will remember, I place in the neighbourhood of £500,000,000. I must first...
I need hardly assure the Committee that I have given anxious consideration as to how this additional taxation should be fairly imposed and how the burdens can best be borne. In July last I told...
I have come to the conclusion that in the circumstances and needs of to-day I must look to direct taxation, covering all sections of the community, to raise the necessary revenue. The burden...
My immediate task is finished. In time of war the various Departments associated with the war effort take, and ought to take, all that is required to enable us successfully to prosecute the war....
Resolved, That the period for which the following duties of Customs are chargeable (which expires on the fifteenth day of August, nineteen hundred and forty-one) shall be extended by four years,...
Resolved, That— (a)Income Tax for the year 41–42 shall be charged at the standard rate of ten shillings in the pound, and, in the case of an individual whose total income exceeds one...
Resolved, That Income Tax for the year 1940–41 shall be charged at rates exceeding the standard rate in the case of individuals whose total income exceed two thousand pounds, and those rate...
Resolved, That the following enactments relating to reliefs and exemption from tax shall be amended as Parliament may provide by any Act of the present Session relating to Income Tax, namely:...
Resolved, That farming (including the occupation of lards as nurseries and market gardens) shall be taxed as a trade under Schedule D, in accordance with such provisions as Parliament may...
Resolved, That the trades of the persons who are parties to arrangements for concentrating industry or business in the hands of fewer persons shall be treated for Income Tax purposes as...
Resolved, That in computing profits or gains or total income for any Income Tax purpose, no deduction shall be made for payments to or in respect of employees who sustain war injuries or for...
Resolved, That— (a) assessments made under Rule 8 of No. VII of Schedule A shall be valid although not made on the person who should have been assessed;(b)further provision shall be made as...
Resolved, That any payment made in respect of land in Scotland for a period ending on the fifteenth day of May in any year, being a payment to which Section seventeen of the Finance Act, 1940...
Resolved, That the extent and incidence of Excess Profits Tax (for past and future chargeable accounting periods) shall be varied so as to give effect: — (a)to amendments as to standard...
Resolved, That the extent and incidence of the National Defence Contribution (for past and future chargeable accounting periods) shall be varied so as to give effect to amendments as to the...
Resolved, That the whole or any part of the sums required for the current financial year for the purposes mentioned in paragraph (a) or paragraph (b) of Sub-section (4) of Section twenty-three...
Motion made, and Question proposed, That it is expedient to amend the law relating to the National Debt and the public revenue, and to make further provision in connection with finance....
Debates in the House of Commons are an opportunity for MPs from all parties to scrutinise government legislation and raise important local, national or topical issues.
And sometimes to shout at each other.
