MR. PIKE PEASE
I beg to ask Mr. Chancellor of the Exchequer if he will state, so far as available materials enable him to estimate, what is the aggregate value of the incomes subject to income-tax between the limits £160–£700 and £700–£2,000, respectively.
§ MR. RUNCIMAN
It is possible, from the information obtained through claims for abatement, to estimate with approximate accuracy the aggregate of incomes lying between £160 and£700, and the amount (before deduction or abatements and allowances on life premiums) may be put at about £275,000,000. No similar data are available in respect of incomes between £700 and £2,000, and any estimate of the aggregate amount of such incomes must be exceedingly speculative. It is thought at Somerset House that it may, perhaps, be guessed to be about £150,000,000.