§ Mr. Arbuthnot
asked the Chancellor of the Exchequer what he estimates would be the cost of limiting Surtax so that the combined maximum rate of Income Tax and Surtax together did not exceed 15s. in the £ on any part of an income.174W
§ Sir E. Boyle
To reduce the top rates of Surtax to 7s. 3d., leaving the lower rates below £8,000 unchanged, would cost £12 million in a full year.