§ Mr. Hordernasked the Chancellor of the Exchequer what would be the cost of introducing a reduced rate of income tax of 20 per cent. on the first £1,000 and alternatively on the first £1,500 of taxable income.
§ Mr. RidleyThe cost in a full year at 1982–83 income levels would be approximately £2,300 million for a band width of £1,000, and £3,300 million for a width of £1,500.