§ Mr. Newtonasked the Chancellor of the Exchequer if he will estimate the revenue cost of cutting to 25 per cent. the rate of income tax on (a)the first £500, (b)the first £1.000 and (c)the first £2,500 of taxable income.
§ Mr. Denzil DaviesAt 1976–77 levels of income and allowances the costs of applying a 25 per cent. rate of income tax to the first £500, £1,000 and £2,500
United Kingdom England Scotland Wales Total value of relief (£m.) … 1,100 1,010 45 35 Average relief per mortgagor (£) … 183 190 150 140 Average relief per owner occupied dwelling (£) … 101 107 70 58 Average relief per head of population (£) … 20 22 9 13