§ Mr. MilburnTo ask the Chancellor of the Exchequer if he will update his answer of 7 December to the hon. Member for Sheffield, Attercliffe (Mr. Betts),Official Report, column 263, for the year 1995–96 to provide a list of the reliefs categorised under the heading (c) other reliefs.
§ Sir George YoungEstimated full-year yields at 1995–96 income levels based on a projection of the 1992–93 survey of personal incomes and other survey data in line with the assumptions in the "Financial Statement and Budget Report 1995–96" are given in the table. The figures do not take account of any behavioural effects which might result from the introduction of such changes, and show the yield from restructuring each allowance or relief separately. If two or more were restricted, the total yield would be greater than the sum of individual figures. Most of the amount shown within heading (c) is relief for charitable covenants, for donations under the giftaid scheme, for allowable interest on loans to acquire company shares and relief for class 4 national insurance contributions.
660W
Restriction to Basic rate 20p Effect of restricting Yield £ million Numbers affected millions Yield £ million Numbers affected millions (a) Personal allowances 1,600 3.5 5,900 26.5 (b) Relief for pension contributions 730 2 1,410 11.6 (c) Other reliefs 150 0.7 1n/a n/a 1 Information on reliefs given at source is not available from the survey of personal incomes so it is not possible to estimate the effect of restricting other reliefs to 20 per cent.