§ Mr. Squire
To ask the Chancellor of the Exchequer what the savings would be of taxing child benefit for taxpayers at the 40 per cent. tax rate in 1989–90.
§ Mr. Norman Lamont
The direct revenue yield in 1989–90 from taxing child benefit at 40 per cent. for those married couples and single parents facing a marginal tax rate of 40 per cent. for that year is estimated to be about £140 million.