§ 25. Rear-Admiral Morgan-Giles
asked the Secretary of State for Industry what percentage reduction in home orders within the boat building industry has occurred since the imposition of the 25 per cent. rate of VAT.
§ Mr. Kaufman
I understand from the Ship and Boat Builders National Federation that the drop in home sales since the 5W introduction of 25 per cent. VAT has been in excess of 50 per cent. This cannot, of course, be ascribed solely to the introduction of 25 per cent. VAT.