Orders of the Day — Taxation

Part of the debate – in the House of Commons at 12:00 am on 21st February 1978.

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Photo of Mr Terence Higgins Mr Terence Higgins , Worthing 12:00 am, 21st February 1978

We might overlook the fundamental point that in October 1974 we were told by the Chancellor that inflation was under control and would be brought down to 8·4 per cent. But I am sure the public will remember that claim. However that may be, the Minister appeared to be arguing that, in the absence of the oil crisis, the miners strike and so on, a reduction in the standard of living was necessary. Is that what he intended to argue?