§ 18. Mr. Dixonasked 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 JenkinAbout 6¾ million families with children.
§ Mr. DixonWould 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. JenkinThe reduction in the standard rate of taxation reduced taxation for every taxpayer in the country.
§ Mr. FernyhoughWhat 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. JenkinIt would depend upon their total income and their total tax liability.
§ Mr. BarnettCan 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. JenkinNot without notice.