Stamp Duty (Temporary Provisions) Bill

Part of the debate – in the House of Commons at 10:19 pm on 20th January 1992.

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Photo of Dr John Marek Dr John Marek , Wrexham 10:19 pm, 20th January 1992

My recollection of events is slightly different. Before 1979, the Conservative party said that it had no proposals to put up value added tax. As soon as it came to office, it almost doubled it, from 8 per cent. to 15 per cent. That was why the burden of taxation shot up between 1979 and 1981. That is a slightly different story.