§ Mr. Meacherasked the Chancellor of the Exchequer what has been the level of tax reliefs granted for life assurance, mortgage interest, approved pension schemes, employers' contributions to approved pension schemes, retirement annuity and age allowance for each year since 1979; and what has been the annual percentage increase in each case and the total percentage increase 1979–85 in each case.
594W
Total marginal rate of deduction per extra £ of gross earnings Current scheme Proposed new scheme—without 20 per cent. rates contribution Proposed new scheme—with 20 per cent. contribution 50p but less than 60p 230,000 180,000 80,000 60p but less than 70p 160,000 10,000 10,000 70p but less than 80p nil 110,000 120,000