HC Deb 24 May 1979 vol 967 cc199-200W
Mr. Denzil Davies

asked the Chancellor of the Exchequer, assuming an increase in the personal income for allowances for the fiscal year 1979–80 in accordance with section 22 of the Finance Act 1977, what would be the extra weekly benefit in take-home pay to a person with weekly gross income from employment of (a) £60, (b) £100, (c) £200, (d) £300, (e) £400 and (f) £500, respectively.

Mr. Peter Rees

, pursuant to his reply [Official Report, 21 May 1979; Vol. 967, c. 41–2.], gave the following information:

The increases in personal allowances required by section 22 of the Finance Act 1977 were enacted in the Finance Act

show a single group of companies with the largest chargeable profits. In very broad terms there are roughly 150 companies in this group, which account for rather less than 40 per cent. of the total yield of corporation tax.