§ Mr. Harry Greenway
asked the Chancellor of the Exchequer what would be the cost to the Exchequer of reducing (a) the top income tax rate payable to 50 per cent. and (b) the basic rate of tax by 1 penny in the pound; and if he will make a statement.
§ Mr. Norman Lamont
The direct revenue costs, in a full year, at 1987–88 levels of income, of reducing the top rate