Financial Resolutions, 1978: Financial Statement, Budget, 1978. - Taxes on Business
As I said at the outset, this budget is designed to create the conditions under which the private sector can move ahead and take over as a prime generator of economic growth and employment. One of the most important ways in which a Government can set this process in train is by so tailoring the taxes which business has to bear as to ensure that the spirit of enterprise and expansion is positively encouraged.
I now turn, therefore, to a package of tax changes designed to give the necessary encouragement to business.