§ Mr. Hordern
asked the Chancellor of the Exchequer what would be the loss to the Revenue if the rate of tax at 25 per cent. were charged on incomes of £2,000 after present allowances.
§ Mr. Peter Rees
If the width of the lower rate band were increased from £750 to £2,000 the cost at 1979–80 income levels would be about £1,175 million for a full year.