§ 27. Mr. Geoffrey Lloydasked the Chancellor of the Exchequer whether he will grant a dispensation, by way of averaging or otherwise, to those aged taxpayers whose total income for 1965–66 is for tax purposes increased beyond the gross figure of £900 by reason solely of the abnormal bunching of dividends to the provisions of the 1965 Finance Act.
§ The Chief Secretary to the Treasury (Mr. John Diamond)I must ask the hon. Gentleman to await the statement my right hon. Friend will be making later this afternoon.
§ Mr. LloydWill the right hon. Gentleman bear in mind that he ought to give the small income pensioner the same dispensation which he gives to the Surtax payer under Section 238?
§ Mr. DiamondI am sure that my right hon. Friend heard what the right hon. Gentleman had to say.