HC Deb 22 January 1980 vol 977 cc192-3W
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.