§ Mr. HanleyTo ask the Chancellor of the Exchequer (1) how much revenue he estimates would be raised by a 7.5 per cent. investment income surcharge on investment income above(a) £5,000, (b) £2,500 and (c) £1,000 in 1989–90;
(2) how much revenue he estimates would have been raised by a five per cent. investment income surcharge on investment income above (a) £5,000, (b) £2,500 and (c) £1,000 in 1989–90.
§ Mr. LilleyProvisional estimates are as follows:
Yield in a full year for 1989–90 £ million Threshold Rate of surcharge £ 5 per cent. 7.5 per cent. 1,000 1,000 1,500 2,500 800 1,200 5,000 600 900 Estimates are based on a projection of the 1987–88 survey of personal incomes and are, therefore, provisional.