§ Mr. CoxTo ask the Chancellor of the Exchequer what has been the average individual cumulative gain to those earning £25,000 a year as a result of changes in taxation since 1979.
§ Mr. Norman LamontThe information for individuals with no reliefs other than the main personal allowance is as follows:
Tax Liability in 1988–89 on earnings of £25,000 1978–79 tax regime indexed for inflation £
1988–89 tax regime £
Reduction in tax liability £
Single person 8,012.50 6,063.00 1.949.50 Married man 7,423.75 5,467.00 1,957.00