53. Earl of Dalkeithasked 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. DiamondThere would be a net gain of £33 million assuming that there were proportionate changes in the reduced rates.