Concern by Tories over Fuel Tax
20th November 1964, Page 32
20th November 1964
Page 32
Page 32, 20th November 1964
— Concern by Tories over Fuel Tax
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CONCERN about the effect of the extra fuel tax imposed by Mr. Callaghan was expressed by several Tories last week during the Commons discussion on the autumn Budget. Former Chancellor, Mr. Reginald Maudling, pointed out that the tax would be borne largely by industry, the effect of which would be to put up prices. Industry would have to pay an additional £50 m., he said, and all of this would be offset against tax assessments; therefore half of it, and perhaps more, would come out of the Exchequer anyway.
The extra 6d. was approved by 292 voes to 284 in the Commons this week.
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Callaghan, Reginald Maudling