§ 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.731W
§ Mr. Nott
, pursuant to his reply [OFFICIL REPORT, 24th October 1973; Vol. 861, c. 533], gave the following information:—
If all annual incomes after tax were limited to £5,000, £4,000 and £3,000 respectively and the additional revenue distributed among the working population, the amounts by which weekly incomes per head would be increased would be £0.28—the approximate cost of a packet of cigarettes—£0.53 and £1.25.