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Public Sector Borrowing Requirement

Volume 979: debated on Thursday 28 February 1980

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asked the Chancellor of the Exchequer if he will consider raising an excess profits tax of £200 million on the clearing banks as a means of cutting the public sector borrowing requirement.

[pursuant to his reply, 27 February 1980]: I have noted my hon. Friend's suggestion; he will appreciate that I cannot anticipate my right hon. and learned Friend's Budget Statement.