§ Mr. Nicholas Brown
To ask the Chancellor of the Exchequer what is the latest estimate of the amount of revenue that would accrue to the Government from fiscal drag if the tax system were simply indexed in the 1991 Budget.
§ Mr. Ryder
Chapter 2 of the 1990–91 "Financial Statement and Budget Report" shows total taxes and national insurance contributions, including the community charge, rising from £206 billion in 1990–91 to £216 billion in 1991–92, on the assumption that the tax system is indexed in the 1991 Budget. This allows for the effects of real fiscal drag, and also for the build-up of effects of the 1990 Budget and earlier Budgets, including independent taxation for husbands and wives.124W
been participation in a "meet the buyer" event. The Department's estimated total expenditure with small firms—fewer than 200 employees—in 1989–90 was £14 million.