§ 27. Mr. Loveridgeasked the Chancellor of the Exchequer what his estimate is of the change in the maximum taxation figure for the United Kingdom that will take place when his Budget proposals take effect, calculated on the same basis as on 1st January, 1972, when the United Kingdom rate was 88.75 per cent.; and if he will state the comparable figures for France and Germany.
§ Mr. Patrick JenkinMy right hon. Friend's Budget did not affect the maximum marginal income tax rate for 1972–73, which remains at 88.75 per cent. It fixed the maximum rate for 1973–74 at 90 per cent. The maximum rates in France and Germany are 64.3 per cent. and 54.6 per cent. respectively.
§ 28. Mr. Molloyasked the Chancellor of the Exchequer what representations he has received asking him to introduce tax concessions for retirement pensioners and the poorest section of the community; and what replies he has sent.
§ Mr. Patrick JenkinVarious representations have been made and my right hon. Friend's replies have depended on their nature. The improvements in the income tax allowances and reliefs in this year's Budget will have been of special help to taxpayers with smaller incomes.
§ Mr. Coombsasked the Chancellor of the Exchequer what is the point at which a married man with three young children 280W became liable to income tax in 1970–71 and 1972–73, respectively.
§ Mr. Patrick JenkinEarnings of £934 and £1,262 a year including family allowances.
§ Mr. Coombsasked the Chancellor of the Exchequer what proportion of the income of a married man with two children under 11 years of age, earning £30 a week, was paid in income tax in 1970–71, and how this compares with the proportion paid in income tax in 1972–73.
§ Mr. Patrick Jenkin15.3 per cent., and 9.2 per cent., respectively.