Mr Major’s Written Parliamentary Answer on Taxation – 29 March 1988

Below is the text of Mr Major’s written Parliamentary Answer on Taxation on 29th March 1988.

Mr. Barron To ask the Chancellor of the Exchequer (1) if he will provide the Treasury model estimate of the full year impact of the cuts in the higher rates of income tax announced in the Budget; and if he will provide a similar estimate of the impact of an additional annual £2 billion of current public expenditure; (2) if he will estimate the full year impact on the current account of the balance of payments of the cuts in the basic and higher rates of income tax announced in the Budget.

Mr. Major It has not been the practice to publish estimates of the economic effects of changes in tax rates or public expenditure.