Amendment of the Law

Part of Budget Resolutions and Economic Situation – in the House of Commons at 6:54 pm on 10th March 1992.

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Photo of Mr Chris Smith Mr Chris Smith , Islington South and Finsbury 6:54 pm, 10th March 1992

Talking about chickens coming home to roost, the hon. Gentleman will have observed from the Red Book published concurrently with the Budget that the overall burden of taxation in 1978–79, the last year of Labour government, was 34·75 per cent. and that for the year 1991–92 it is 36·75 per cent., clearly a higher figure than the Government inherited. The hon. Gentleman will also have observed that the projection for 1996 is a burden of 38 per cent. taxation, a dramatic increase. It is this Government who are putting up taxation.