HC Deb 30 June 1971 vol 820 c147W
Mr. Beaney

asked the Chancellor of the Exchequer what is the amount raised by an income tax levy of 1p in the £ on all income at present liable to tax.

Mr. Patrick Jenkin

It is estimated that an increase in the standard rate of income tax of 1p would yield £165 million for a full year.