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Taxation Policy

Volume 76: debated on Thursday 4 April 1985

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asked the Chancellor of the Exchequer if he will make it is his policy to reduce personal and corporate taxes in favour of indirect taxes.

It is our policy to reduce overall burden taxation, resources permitting. We are also concerned with the balance of taxation. In both the 1984 and 1985 Budgets my right hon. Friend the Chancellor of the Exchequer proposed measures which shifted some of the burden of personal taxation from earnings to spending.