Income Tax

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 5th July 1973.

Alert me about debates like this

Photo of Mr John Nott Mr John Nott , St Ives 12:00 am, 5th July 1973

What the hon. Member says is not correct. I give him one example. In 1969–70 taxes on personal income represented 22·7 per cent. of wages and salaries. By 1972–73 we had reduced tax on personal income to 20·9 per cent. of wages and salaries. The proportion of indirect taxation related to the gross national product has also fallen.