HC Deb 24 July 1987 vol 120 c559W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will publish in the Official Report tables, with the same distribution and in the same format as his reply dated 25 July 1986, Official Report, columns 664–66, of information on taxable incomes and yield showing (a) the effect of the recent budgetary changes in a full year and (b) the replacement of all allowances and reliefs, including the wife's earnings election, by (i) an increase in the personal allowances to £2,500 and £5,000 for, respectively, single persons and married couples under age 65 and to £3,000 and £5,000 for those over 65, (ii) a reduced rate band of £1,000 for single persons and £2,000 for married couples at 15 per cent., followed by a standard-rate band of £7,250 for single persons and £9,500 for married couples at 25 per cent., followed by four higher-rate bands of £5,000 in 5 per cent. steps for single persons and three higher rate bands of £7.500, £7,000 and £7,000 in 5 per cent. steps for married couples, (iii) the introduction of a claw back (on the lines of the present age allowance) of the whole of the single allowance and £3,000 of the married allowance at a rate of £4 for every £10 of income in excess of £4,500 for single persons under 65, £5,000 for those over 65 and £9,000 for all married couples.

Mr. Norman Lamont

I regret that it has not been possible to provide an answer before the summer recess. I shall, therefore, write to the hon. Member and place a copy of the letter in the Library.

Forward to