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Economic Incentives (Prime Minister's Speech)

Volume 808: debated on Thursday 17 December 1970

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Q12.

asked the Prime Minister if he will place in the Library of the House of Commons a copy of his public speech to the Parliamentary Press Gallery on 25th November, 1970, on the subject of economic incentives.

I have been asked to reply.

My right hon. Friend's remarks were delivered extempore.

Is the House to assume from that answer that no one troubled to take a note? If anyone did, will the Home Secretary explain whether it is regarded by the Government as an incentive to impose a plethora of means tests on the lower income groups? If not, are they less in need of an incentive than his paymasters?

The point which my right hon. Friend made, which was totally valid, concerned reductions of taxation, both corporate and individual, as an incentive to effort.