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Gross National Product (Direct Taxation)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 16th April 1957.

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Photo of Mr Reginald Moss Mr Reginald Moss , Meriden 12:00 am, 16th April 1957

asked the Chancellor of the Exchequer what proportion of the gross national product has been taken by the Government in direct taxation in every year since 1951.

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

The proportion of the gross national product taken in direct taxes fell from 16·4 per cent. in 1951 to 13·9 per cent. in 1956. With permission I will circulate the figures in the OFFICIAL REPORT. I expect some further reduction in 1957.

Following is the information:

Per cent.

These figures are derived from the Preliminary Estimates of National Income and Expenditure 1951 to 1956 (Cmnd. 123). Direct taxes are taken to be those described in this White Paper as taxes on net income and taxes on capital.