§ 9. Mr. Kenneth Baker
asked the Chancellor of the Exchequer what he estimates to be the cost of raising the starting level of Surtax on earned incomes to£7,000 per annum and to£10,000 per annum.
§ Mr. Harold Lever
About£25 million and£45 million, respectively, if the result was achieved by increasing the special earnings allowance for Surtax.
Will my hon. Friend take into consideration the views of hon. Members on this side who would strongly oppose any suggestion that there should be so-called incentives in that direction? If these people are the most highly taxed in the world, as they are making the highest incomes, is there anything wrong in that?