§ Mr. Meacher
To ask the Chancellor of the Exchequer if he will update, to take account of the 1989 Budget, the information on tax changes contained in his reply to the hon. Member for Oldham, West of 21 October 1986,Official Report, columns 807–8.
§ Mr. Norman Lamont
[holding answer 23 March 1989]: The information is in the tables. For each financial year shown, the tables compare the yield from the tax regime in that year with the 1978–79 tax regime. All estimates are based on a provisional 1989–90 income base projected from the 1986–87 survey of personal incomes and all tax regimes have been indexed to 1989–90 levels by reference to the statutory formula. The comparisons therefore allow for budgetary changes in income tax rates and allowances, but not for any changes since 1978–79 in the definition of the income tax base. Further information could be provided only at disproportionate cost.