§ Mr. Fieldasked the Chancellor of the Exchequer if he will list the size of child benefit increases necessary to maintain equity in tax free income between taxpayers with and without children for each £10 increase in each of the personal allowances.
§ Mr. Peter ReesThe increase that would be necessary to child benefit to match an increase of £10 in the personal tax allowances of a married man would be £1.24 per year.
§ Mr. Ralph Howellasked the Chancellor of the Exchequer if he will publish figures showing the gross annual value of child benefit for families below the tax threshold compared with families paying tax at 25 per cent., at standard rate, and at each of the higher rate bands.
§ Mr. Peter ReesThe value of child benefit is the same to all persons—taxpayers, whatever their marginal rate, and non-taxpayers—namely, £4 per week.
The increases in gross annual earnings required to produce a net gain of £4 per week of each of the rates specified are:
Tax rate per cent. £ 25 277 30 297 40 347 45 378 50 416 55 462 60 520