Oil Taxation (Revenue)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 18th July 1967.

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Photo of Sir Gerald Nabarro Sir Gerald Nabarro , Worcestershire South 12:00 am, 18th July 1967

asked the Chancellor of the Exchequer, having regard to his estimated revenue from all oil taxation of £877 million in 1967–68, of which approximately £600 million derives from motorists, what estimate he has made of the short-fall in revenue due to the rationing of oil and petrol after 1st October, 1967.

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

No decision to ration petrol or oil has been taken.

Photo of Sir Gerald Nabarro Sir Gerald Nabarro , Worcestershire South

But the coupons have been printed and as the mileages to be permitted are shown on the coupons, presumably the Treasury is in a position to know how much petrol and oil consumption will be reduced. In the circumstances, would not the hon. and learned Gentleman now answer the Question and not side-step it until 23rd October?

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

I have answered the Question. The hon. Member must not complain if he phrases his questions so badly.