HC Deb 12 July 1995 vol 263 c564W
Mr. Corbyn

To ask the Chancellor of the Exchequer what would be the cost of raising the personal income tax allowance by £500; and how many people would be removed from the tax net as a result. [32532]

Mr. Jack

[holding answer 5 July 1995]: The direct revenue cost would be about £3.2 billion in a full year at 1995–96 income levels and about a million taxpayers would be removed from tax.