HC Deb 24 February 1983 vol 37 c527W
50. Mr. Timothy Smith

asked the Chancellor of the Exchequer by how much personal income tax allowances would have to be increased in 1983–84 in order to restore their real value in 1978–79.

Mr. Ridley

The single allowance in 1983–84 would need to be £140 higher than its level in 1982–83 and the married man's allowance £210 higher. The allowances would then be about 3 per cent. above the levels required to index them from their levels in 1982–83 by reference to the statutory formula.