HC Deb 05 March 1957 vol 566 cc24-5W
Mr. Padley

asked the Chancellor of the Exchequer what would be the annual cost to the Exchequer of increasing the earned income allowance for Income Tax purposes from two-ninths to one-quarter if the present maximum were continued and if the maximum was increased by a proportionate amount, respectively.

Mr. P. Thorneycroft

About £84 million if the maximum relief was kept at the present figure of £450, or £90 million if the maximum was increased to £500.

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