§ 48. Mr. Arthur Lewisasked the Chancellor of the Exchequer what, on 15 March 1979, a tax-free daily allowance of £13.50, £16.50, £20 and £30 a day, respectively, was worth to a married man with an income of £5,000 per annum, £10,000 per annum, £15,000 per annum, and £20,000 per annum, respectively, on a taxed basis.
§ Mr. Robert SheldonOn an income of £5,000 they are worth £20.10, £24.60, £29.80 and £44.80; on £10,000 £22.50, £27.50, £33.30 and £5000; on £15,000 £33.70, £41.20, £50.00 and £75.00; and on £20,000 £45.00, £55.00, £66.70 and £100.00.
702WThese figures are on the assumption that the daily allowances are not sufficient in number to increase the marginal rate of tax, that is the rate at which the next £1 of income would be charged.