HC Deb 24 October 1973 vol 861 cc532-3W
Mr. Meacher

asked the Chancellor of the Exchequer what has been the total value of imports from, and the total value of exports to, the other eight existing EEC member countries each year since 1960; and what has therefore been the net balance of payments effect of British-EEC trade for each of these years both in money terms and as a percentage of Great Britain's reserves for each year.

Mr. Nott

Estimates of the United Kingdom's visible trade, on a balance of payments basis, with the present members of the European Economic Community are shown below. Figures are also given of the level of the official reserves at 31st December of each year.

become subject to payment of income tax.

Mr. Nott

About 1½ million people who would otherwise have paid income tax in 1972–73 did not do so as a result of the increase in personal allowances in the Finance Act 1972. It is estimated that with the growth of incomes between 1972–73 and 1973–74 the number of taxpayers will increase by about three-quarters of a million.

Mr. Bray

asked the Chancellor of the Exchequer what are the amounts by which the weekly incomes of the insured working population would be increased if all annual incomes in excess of £5,000, £4,000 and £3,000 were subjected to 100 per cent. taxation and the revenue therefore disbursed in this manner.

Mr. Nott

I will let my hon. Friend have a reply as soon as possible.

Forward to