§ Mr. CLOUGHasked the Chancellor if he will state the total loss sustained by the Treasury consequent upon the reduction by the Finance Act, 1907, of the tax upon earned incomes from 1s. to 9d. in the £ during each of the financial years 1907, 1908, 1909, 1910, 1911, and 1912?
§ Mr. LLOYD GEORGEThe loss on the assessments made in each year is as follows:—
Year. Reduction Allowed On Earned Income where the Total Income of the Taxpayer exceeded £160 but did not exceed £2,000. Loss. £ 1907–8 … From 1s. to 9d. … 1,185,666 1908–9 … " "" … 1,257,399 1909–10 … " 1s. 2d. to 9d. … 2,145,730 1910–11 … " "" … 2,169,845 1911–12 … " "" … 2,215,000* 1912–13 … " "" … 2,290,000* * Estimates; definite statistics not yet available.