§ Mr. Rookerasked the Chancellor of the Exchequer if he will publish in tabular form the changes in the higher rate tax bands in his Budget showing the
Bands of taxable income Change in Change in Rate 1976–77 1977–78 threshold in absolute terms threshold in percentage terms (per cent.) (£) (£) (£) (per cent.) 40 … … … 5,000–5,500 6,000–7,000 1,000 20 45 … … … 5,500–6,500 7,000–8,000 1,500 27 50 … … … 6,500–7,500 8,000–9,000 1,500 23 55 … … … 7,500–8,500 9,000–10,000 1,500 20 60 … … … 8,500–10,000 10,000–12,000 1,500 18 65 … … … 10,000–12,000 12,000–14,000 2,000 20 70 … … … 12,000–15,000 14,000–16,000 2,000 17 75 … … … 15,000–20,000 16,000–21,000 1,000 7 83 … … … Over 20,000 Over 21,000 1,000 5
§ Mr. Rookerasked the Chancellor of the Exchequer what is his new estimate of the breakdown of income tax reliefs granted in the Finance Bill 1977 between the amount that will accrue to taxpayers with incomes of £4,000 or less and the amount that will accrue to those with incomes in excess of £4,000.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 29th July 1977], gave the following reply:
The estimated allocation is as follows:
Total Net Incomes Relief £m below £4,000 … … 870 £4,000 and above … … 1,390
Gross bilateral aid G.N.P. per capita (1975) 1976 figures (actual) 1977 prices dollars £m £m Less than 375 … … … … … … … 234.3 (62℅) 283.4 375 to 1,000 … … … … … … … 77.7 (21℅) 94.0 Above 1,000 … … … … … … … 16.7 (4℅) 20.2 Approximately 13 per cent. of the total 1976 bilateral aid programme is not allocable by country.