§ Mr. Alan CampbellTo 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 JohnsonThe 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.