HC Deb 08 April 1982 vol 21 cc449-50W
Mr. Meacher

asked the Chancellor of the Exchequer what is the total annual cost at current prices of changes in taxation of the higher rate—and higher rate thresholds—of income tax, capital transfer tax and capital gains tax made in his last four Budgets, apart from the cost of any adjustments to these taxes to maintain their real burden at the levels which obtained in 1978–79.

Mr. Bruce-Gardyne

£740 million in a full year. This is the amount over and above the cost if the thresholds referred to had been increased in line with the retail prices index and the relevant tax rates had remained at their 1978–79 levels.