§ Mr. Meacherasked the Chancellor of the Exchequer what he estimates to be 306W £14,136, £13,680, £12,304, £11,006, £15,999, £19,796, £18,758 and £17,788 given the last Budget's tax changes.
§ Mr. Peter ReesI shall let the hon. Member have a reply as soon as possible.
§ 19. Mr. Fieldasked the Chancellor of the Exchequer if he will list the net income charges for a taxpayer earning £2,000, £4,000, £6,000, and £10,000 after taking into account (a) income tax changes, (b) indirect tax changes and (c) devaluation of the green pound.
§ Mr. Peter ReesThe following estimates give the effect of the Budget tax changes and of the 5 per cent, devaluation of the green pound announced by the present Government. The figures assume that the taxpayer is a married man, and are on the same basis as the estimates made by my right hon. and learned Friend in his Budget Statement [Vol. 968, c. 261]:
the gain per head of beneficiaries of the raising of the investment income surcharge threshold for those whose total income is between £2,000 and £3,000, and for each successive £1,000 income band above that.
§ Mr. Peter ReesI shall let the hon. Member have a reply as soon as possible.
§ Mr. Meacherasked the Chancellor of the Exchequer how many persons currently paying the investment income surcharge have incomes of less than £2,000 and in each £1,000 band above £2,000; in each case how many of these are pensioners; and what is the aggregate surcharge payable by each income category.
§ Mr. Peter ReesI shall let the hon. Member have a reply as soon as possible.