§ Motion made, and Question,
§ That income tax for the year 1970–71 shall be charged at the standard rate of 41.25 per cent. and, in the case of an individual whose total income exceeds £2,500, at such higher rates in respect of the excess over £2,000 as Parliament may hereafter determine (section 3(1) of the Income and Corporation Taxes Act 1970 (effect of charging at a standard rate and at higher rates) having effect subject to any modifications necessary by reason of this provision):
§ And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act 1968.—[Mr. Roy Jenkins]
§ put forthwith pursuant to Standing Order No. 90(2) (Ways and Means motions), and agreed to