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 Victor Collins Mr Victor Collins , Shoreditch and Finsbury 12:00 am, 3rd July 1957

I understood the Economic Secretary to say the average was 8d. in the £. I presume that he means 1s. 8d. in the £, because the original tax is 1s. in the £. Even so, I can assure him it often comes to very much more.