HC Deb 15 April 1981 vol 3 c153W
Mr. Wickenden

asked the Chancellor of the Exchequer what is the estimated cost to public funds of index linking age allowance for income tax purposes.

Mr. Peter Rees

If age allowances were increased for 1981–82 by £280 (single) and £440 (married)—that is, by the percentage specified in section 24 of the 1980 Finance Act—the cost would be £205 million in a full year at 1981–82 income levels.