Investment

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 15th February 1972.

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Photo of Mr Maurice Macmillan Mr Maurice Macmillan , Farnham 12:00 am, 15th February 1972

I do not accept that uncertainty about the value-added tax is the cause. If it were, that would be removed very shortly. It is true, however, that uncertainty over the inflationary situation has contributed to the reluctance to invest. If hon. Members want more investment and more prosperity for the nation, the House as a whole had better help the Government to keep down the rise in wages and prices.