§ Mr. PondTo ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer in the financial year 1999–2000 of replacing the reduced rate of income tax with a 10 per cent. income tax rate that extends from the personal allowance to(a) £9,433 per year and (b) £7,114 per year. [74397]
§ Dawn PrimaroloThe estimated full-year costs at 1999–2000 income levels of introducing a 10 per cent. lower rate extending for(a) £5,098 (£9,433 less the 1999–2000 personal allowance of £4,335) and (b) £2,779 (£7,114 less the personal allowance) would be £12 billion and £6 billion, respectively.