HC Deb 30 March 1971 vol 814 cc1342-3
18. Mr. Dixon

asked the Chancellor of the Exchequer what estimate he has made of the number of families who will benefit from the income tax reduction announced in October, 1970.

Mr. Patrick Jenkin

About 6¾ million families with children.

Mr. Dixon

Would the Minister agree that the figures which he has just given demonstrate that already there are large numbers of people in this country, from the top to the bottom, who have every reason to be thankful for the advent of a Conservative Government?

Mr. Jenkin

The reduction in the standard rate of taxation reduced taxation for every taxpayer in the country.

Mr. Fernyhough

What amount of reduction in tax will it mean to the 6 million to whom the hon. Gentleman has referred? Will it be, for instance, 1s. or 2s.?

Mr. Jenkin

It would depend upon their total income and their total tax liability.

Mr. Barnett

Can the hon. Gentleman say how many people will benefit after taking into account the Government's policy on increased charges for food, increased council house rents, and increased rates?

Mr. Jenkin

Not without notice.