Orders of the Day — Steel Industry and Road Haulage

Part of the debate – in the House of Commons at 12:00 am on 12th November 1951.

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Photo of Mr John Hynd Mr John Hynd , Sheffield, Attercliffe 12:00 am, 12th November 1951

Do we understand that the Government's proposal with regard to E.P.T. is a 100 per cent. tax? The right hon. and learned Gentleman has just said it means that it is taken against a previous figure, and that there will be no increase in profit.