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Air Corporation's Losses

Volume 446: debated on Tuesday 27 January 1948

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48.

asked the Chancellor of the Exchequer what will be the cost to the individual Income Tax payer to make good the losses incurred by our nationalised air services during the first year of their trading operations.

The losses were equal to the yield of about 1d. in the £ of the standard rate of Income Tax.

Does the right hon. and learned Gentleman consider that result a justification for the extension of the nationalisation policy?