§ 2. Mr. Wingfield Digby
asked the Chancellor of the Exchequer what would be the cost, in a full year, of increasing the age exemption from £325 to £400 for a single person and from £520 to £670 for a married couple, and age relief from £900 to £1,100.
§ The Chancellor of the Exchequer (Mr. James Callaghan)
To increase the income limits for age exemption from the present figures of £360 for single persons and £575 for married couples to £400 and £670 respectively would cost about £15 million; and to increase the income limit for age relief from £900 to £1,100 would cost about £4 million.
§ Mr. Callaghan
Yes, Sir, certainly, but I should not like it to be thought that I was anticipating any decision for the Budget.