53. Earl of Dalkeith
asked the Chancellor of the Exchequer what he estimates to be the net gain or loss to the Inland Revenue of decreasing Income Tax by 2s. in the £ for residents in Scotland, raising it by 3d. in the £ for residents in 196W England and leaving it unchanged for residents in Wales.
§ Mr. Diamond
There would be a net gain of £33 million assuming that there were proportionate changes in the reduced rates.