HC Deb 24 May 1962 vol 660 cc50-1W
Mr. Gresham Cooke

asked the Chancellor of the Exchequer how much it would cost if the minimum personal income figure on which tax is charged was raised to £500.

Mr. Barber

About £155 million. The estimate has been made on the assumption that where a wife is earning, both the husband and the wife would get the concession and that there would be a marginal provision for incomes just above f 500 with a fraction of eleven-twentieths.

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