HC Deb 25 November 1954 vol 533 cc177-8W
Mr. McKay

asked the Chancellor of the Exchequer what was the loss of revenue in 1953–54 arising from the initial allowances; and what is the estimated loss in 1954–55.

Mr. H. Brooke

The cost of restoring initial allowances was nil in 1953–54 and is estimated at £50 million in 1954–55. and what is the cumulative total increase in each case.

Mr. Maudling

The following is the reply: