HC Deb 11 July 1983 vol 45 c252W
Mr. Frank Field

asked the Chancellor of the Exchequer what would be the cost of raising the tax threshold to 68 per cent. of average earnings for all working taxpayers.

Mr. Ridley

The cost of increasing the married man's personal allowance to 68 per cent. of average male earnings would be about £16 billion in a full year at 1983–84 levels of income. This assumes that the single person's allowance would be increased in the same proportion. The allowance levels would be: married, £6,095; single and wife's earned income allowance, £3,905.

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