HC Deb 02 November 1979 vol 972 cc693-5W
Mr. Hardy

asked the Chancellor of the Exchequer what is the present value of the metal in the 1p and 2p coins; and what was that value one year ago.

to occupational pensions schemes, relief on funds' interest income, net of adjustment for tax on pensions paid, relevant annuity relief, age allowance and bank loan interest relief; and in each case for the latest year what was the value of the relief per capita for those with incomes less than £3,000, £3,000 to £5,000, £5,000 to £7,000, £7,000 to £10,000, £10,000 to £20,000, and over £20,000, respectively.

Mr. Peter Rees

[pursuant to his reply, 23 October 1979, c. 152, 153]: I regret that it is not possible to give all the details requested. The information which is available without the expenditure of undue time and resources is as follows:

Mr. Peter Rees

[pursuant to his reply, 1 November 1979]: On the basis of the London Metal Exchange cash prices for raw material ruling at 29 October 1979 the value of the metal content of the 2p coin was 0.69p and of the 1p coin 0.34p.

At 30 October 1978 the corresponding values were 0.55 and 0.28 respectively.