Part of the debate – in the House of Commons am 12:00 am ar 18 Mehefin 1964.
Mr James Callaghan
Shadow Chancellor of the Exchequer, Member, Labour Party National Executive Committee
12:00,
18 Mehefin 1964
Why not let it be set off against general income? If the only argument is that one cannot set off one's ground rent, do that too. What about the analogy of a man with a bank overdraft which he is allowed to charge against his income? Is this not a similar situation?
