HC Deb 09 March 1965 vol 708 c230
23. Mr. McBride

asked the Chancellor of the Exchequer what would be the total cost, in a full year, of granting complete remission of income tax to all retirement pensioners; and if he will make a statement.

Mr. MacDermot

About £230 million. My right hon. Friend could not accept this proposal which would give no benefit to those most in need.

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