HC Deb 06 March 1969 vol 779 c157W
Mr. Hordern

asked the Chancellor of the Exchequer what he estimates to be the cost to the Exchequer of limiting the top rate of income tax and surtax confined to not more than 50 per cent. of any income assessment.

Mr. Harold Lever

I am not sure what the hon. Member has in mind; but to reduce all the surtax rates to 1s. 9d. would cost £180 million for the full year.