§ Mr. Marlowasked the Chancellor of the Exchequer what estimate he has made of the cost of disregarding for tax purposes the first (a) £5 per week, (b) £10 per week and (c) £20 per week of occupational pensions for pensioners over 65 years of age.
§ Mr. Norman LamontThe full-year costs at 1987–88 levels are estimated to be about £150 million, £290 million and £510 million, respectively. These estimates are on the basis that a wife with a pension in her own right would be entitled to a separate tax exemption.