§ 19. Ms LynneTo ask the Chancellor of the Exchequer what estimate he has made of the cost of funding the current teachers' pay award; and what increase in the standard rate of income tax is required to raise this sum. [22245]
§ Mr. AitkenThe cost in England and Wales of the pay award recommended by the school teachers' pay review body is about £294 million. The estimated full year effect, at 1995–96 income levels, of a 1p change in the basic rate of income tax is £1.9 billion.