§ Mr. Crawfordasked the Chancellor of the Exchequer what is his estimate of the cost to the Exchequer of giving to retirement pensioners tax relief on the first £300 unearned income.
§ Mr. Robert SheldonThe cost of exempting from income tax the first £300 of investment income for retirement pensioners, including all those receiving national insurance or occupational pensions and all widowed pensioners, would be about £280 million in 1978–79.