HC Deb 15 February 1977 vol 926 cc216-7W
Dr. McDonald

asked the Chancellor of the Exchequer what would be the cost in terms of loss of revenue to the Exchequer if a band of earned income tax relief were introduced for standard rate taxpayers only which reduced the standard rate of tax by three-sevenths for the first £500 of taxable income.

Mr. Robert Sheldon

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