Income Tax: Charge of Tax.

Part of the debate – in the House of Commons at 12:00 am on 23rd April 1947.

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Photo of Viscount  Hinchingbrooke Viscount Hinchingbrooke , Dorset Southern 12:00 am, 23rd April 1947

I beg pardon. I put the figure down wrongly. That is to be set against £270 million surplus or, if that is not accurate, against some lower figure; but if he had given it and charged that amount of £144 million, I still do not think that his Budget would have been unbalanced, though I should not object if it was for reasons which I have given. I am perfectly certain that a very large incentive would have been given to the people in this range of income, and that would have materially helped us to overcome the economic crisis.