Part of the debate – in the House of Commons at 12:00 am on 2nd November 1979.

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Photo of Mr Harry Greenway Mr Harry Greenway , Ealing North 12:00 am, 2nd November 1979

Will the hon. Member accept that, to meet the expenditure projected by the last Government, which he is supporting now—and I stress that no one on either side of the House likes cuts—VAT would have to rise to 20 per cent., and income tax to 40 per cent.?