§ Mr. Martin BellTo ask the Chancellor of the Exchequer if he will estimate how much additional taxation would have been raised in 1997–98 if the higher personal tax allowance for(a) people aged 65 to 74 years and (b) people aged 75 years and over had been abolished. [25746]
§ Dawn PrimaroloThe estimated full year yields at 1997–98 income levels from abolishing the age related personal allowance would be £470 million for those aged 65 to 74 years and £330 million for those aged 75 years and over. These figures represent the excess of the aged personal allowance over the non-aged personal allowance.