§ Mr. Kinnock
asked the Chancellor of the Exchequer what would be the cost of financing devolved expenditures out of income tax in Wales, calculating the amount on the same basis as that used for calculation in respect of Scotland in Command Paper No. 6890.
§ Mr. Robert Sheldon,
pursuant to his reply[Official Report, 11th December 1978; Vol. 960, c. 491,gave the following information
The Inland Revenue estimates that using the price levels and calculations underlying the figures in paragraphs 36 to 38 of Command Paper 6890, the cost of a system applying only to Wales would fall between about £4.25 million and about £5.5 million, depending on the approach adopted. At current prices the range would be from about £5 million to about £6.5 million.