Revenue

Part of the debate – in the House of Commons at 12:00 am on 9 April 1957.

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The revenue from the Customs and Excise duties on the existing basis of taxation is estimated at £2,150 million this year compared with receipts of £2,101 million last year. None of the estimated yields shows a substantial rise or fall on last year's figures. I expect £93 million from the motor vehicle duties, £2 million more than the receipts last year.