§ Mr. HendryTo ask the Chancellor of the Exchequer what would be the cost to Her Majesty's Treasury if personal allowances were increased by(a) £1,000, (b) £2,000, (c) £3,000 and (d) £5,000 for all people aged over (i) 70 and (ii) 75 years for the most recent year for which figures are available.
§ Mr. DorrellProvisional estimates of the Exchequer costs in a full year at 1994–95 income levels are given below:
£ million Cost of increase in personal allowances for people aged Increase in allowance of 70 years or over 75 years or over (a) £1,000 340 190 (b) £2,000 600 340 (c) £3,000 820 460 (d) £5,000 1,130 640