Budget Resolutions and Economic Situation

Part of the debate – in the House of Commons at 12:00 am on 20th April 1970.

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Finally, there is our great discovery, the new tax called V.A.T. You will not expect me to go into detail, but I can tell you that it is French and very gay. Of its many advantages there are two that deserve special mention. As this is a tax with wide coverage —indeed, it covers everybody and everything —it will need many thousands of officials to collect it. This should help with the unemployment problem and, at the same time, enable us to redeem our pledge to reduce the number of civil servants.