HC Deb 24 February 1978 vol 944 cc839-40W
Mr. Ralph Howell

asked the Chancellor of the Exchequer what would be the increased yield from income tax during 1978–79, assuming that earnings were to increase by 14 per cent.

Mr. Robert Sheldon

Assuming the same tax allowances, rates and bands as in 1977–78, an increase of 14 per cent. in wages and salaries would yield an additional £3,550 million in income tax.