§ Mr. Denzil Davies
asked the Chancellor of the Exchequer how much additional revenue could be raised by abolishing the income tax charge of 25 per cent. on the first £750 of taxable income.
§ Sir Geoffrey Howe
[pursuant to his reply, 25 February 1980]: About £895 million in a full year at 1979–80 income levels, if the basic rate of 30 per cent. replaces the lower rate of 25 per cent.