HC Deb 11 November 1999 vol 337 c775W
Mr. Alan Campbell

To ask the Chancellor of the Exchequer what assessment has been made of the cost of extending the 10 pence starting rate of tax to savings. [96863]

Miss Melanie Johnson

The Chancellor announced in the Pre-Budget report that the starting rate of tax would apply to savings from April 1999 with a cost of £110 million. This estimate is based on the 1997–98 Survey of Personal Incomes.