XN000022-1986-02-26 — Page 50

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WEDNESDAY, FEBRUARY 26, 1986

+ THE TAX ON IMPORTED TOBACCO WILL THEREFORE BE INCREASED WHILE ON IMPORTED CIGARETTES IT WILL STAY UNCHANGED.

+ IT IS IMPOSSIBLE TO PREDICT ACCURATELY THE ECONOMIC FUTURE BECAUSE WE CANNOT FORETELL WHAT WILL HAPPEN OVERSEAS, EUT BASICALLY OUR PUBLIC FINANCES ARE IN GOOD SHAPE.

+ HOPE THAT REAL INCREASES IN TAXATION WILL, THEREFORE, NO LONGER BE NECESSARY. TO ACHIEVE THIS CONTINUED CONTROL OF PUBLIC SECTOR EXPENDITURE IS ESSENTIAL.+

BUDGET BRIEFING

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THE FINANCIAL SECRETARY, SIR JOHN BREMRIDGE, WILL GIVE A PRESS BRIEFING ON THE BUDGET AT 4.30 PM TOMORROW ́ (THURSDAY) IN THE GIS PRESS CONFERENCE ROOM, FIFTH FLOOR, BEACONSFIELD HOUSE, CENTRAL.