Economic Situation

– in the House of Commons ar 17 Rhagfyr 1973.

Danfonwch hysbysiad imi am ddadleuon fel hyn

  • Introduction (1 araith)

    Over the past week or so, many have described the situation which we as a nation now face as by far the gravest since the end of the war. They do not exaggerate. The duty of the Government is to...

  • The Economic Situation

    In the United Kingdom just over half our energy is at present provided by imported oil, a rather lower proportion than most other industrial countries. It follows that, but for the immediate...

  • Taxation of Property Development

    Before I come to the measures necessary to achieve this, there is one particular matter which can conveniently be dealt with at this stage—transactions in land and buildings.

  • Credit Control, Indirect Taxation and Energy Prices

    I return now to the action which is necessary to reduce home demand in order to leave sufficient of our reduced resources available for export and for productive investment in the private sector.

  • Direct Taxation

    I come now to the taxation of income, where there will be one change. There is a dilemma which has to be squarely faced. Any increase in the basic rate of income tax is bound to hit millions of...

  • Public Expenditure

    With the fall in output resulting from the shortage of energy, there will be some automatic fall in private demand as incomes fall because of short-time working and temporary unemployment. But...

  • Conclusion (41 areithiau)

    I do not think that any of my predecessors would dispute that, in the face of the many uncertainties ahead of us over the coming year, an economic judgment at this time is—to put it...