HC Deb 31 January 1991 vol 184 c570W
14. Mr. Wilshire

To ask the Chancellor of the Exchequer what is his assessment of the impact on income from income tax of the reduction of the higher rates of that tax.

Mr. Maude

Since 1979, the top rate of income tax has been reduced from 83 to 40 per cent., and nine separate higher rate bands have been reduced to a single rate. Over that period, receipts from higher rate tax have increased two and a half times in real terms.

Mr. Harry Greenway

To ask the Chancellor of the Exchequer if he has any plans to reduce the standard rate of tax; and if he will make a statement.

Mr. Maude

I cannot anticipate my right hon. Friend's Budget statement.

Back to