§ Mr. Squire
asked the Chancellor of the Exchequer what would be the net cost of increasing the married man's tax allowance by a sufficient amount to provide a weekly gain in net income of (a) 80p, (b) 90p, (c) £1, (d) £1.10, (e) E1.90 (f) £2; and in each case what would be the increase in the annual married man's tax allowance.
§ Mr. Ridley
The information is as follows. Costs are full year costs at 1981–82 income levels.302W
Weekly gain in net income Cost £m Increase in married man's allowance, £ per annum (a) 80p 480 139 (b) 90p 540 156 (c) £1 590 173 (d) £1.10 660 191 (e) £1.90 1,130 329 (f) £2 1,190 347
The increase in the level of the allowance is that required to give a basic rate taxpayer eligible for the married man's allowance the specified gain in net income.