Taxation

HC Deb 15 February 1988 vol 127 cc422-3W

Mr. Key

To ask the Chancellor of the Exchequer if he will list for each year since 1979(a) the basic rate of income tax and (b) Government revenue from all taxation, adjusted for inflation; and if he will make a statement.

Mr. Norman Lamont

[holding answer 11 February 1988]: Following is the information:

	Basic rate of income tax	Total taxes and national insurance contributions
	(pence per pound)	(£ billion 1986–87 prices)
1978–79	33	114.1
1979–80	30	121.6
1980–81	30	121.0
1981–82	30	131.4
1982–83	30	132.3
1983–84	30	135.3
1984–85	30	140.9
1985–86	30	143.3
1986–87	29	146.3
1987–88	27	1 152.5
	[revalued at 1986–87 prices using GDP deflator]
1 As forecast in the 1987 Autumn Statement.