HC Deb 15 May 1972 vol 837 c26W
Mr. Meacher

asked the Chancellor of the Exchequer what are estimated to be the aggregate gains to persons in each £1,000 block of annual incomes from £0 to £20,000, and in total above £20,000, from the raising of the personal tax reliefs in the Finance Bill; and how many persons are estimated to fall in each of these income groups at the present time by revision of the latest available figures.

Mr. Nott

The estimated figures for 1972–73 are:

Numbers Benefit
(Thousands) £m.
600–1,000 3,200 150
1,000–2,000 10,000 560
2,000–3,000 6,000 380
3,000–4,000 1,000 60
4,000–5,000 285 15
5,000–6,000 125 10
6,000–7,000 80 6
7,000–8,000 50 4
8,000–9,000 30 3
9,000–10,000 20 2
10,000–15,000 50 3
15,000 and over 30 2

Notes:

(1) Figures by £1,000 ranges above £10,000 are too small to quote separately.

(2) Because of the speculative nature of such forecasts all the figures have been rounded.

(3) Married couples are counted as one unit.

Forward to