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New Clause.; — (Reduction of Purchase Tax from Five or Ten per Cent. to One per Cent.)

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 3rd July 1957.

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Photo of Mr Nigel Birch Mr Nigel Birch , Flintshire West 12:00 am, 3rd July 1957

We have had a wide-ranging debate covering a great variety of topics. I would, first, remind the Committee that the effect of the Budget is to reduce Purchase Tax and not to increase it. From some of the speeches one hears, there seems to be an impression that Purchase Tax has been increased in the Budget.