§ Mr. Gordon Walkerasked the Chancellor of the Exchequer how much of the relief of Income Tax proposed in his Budget statement is estimated to be in respect of earned and unearned income, respectively.
§ Mr. SimonI regret that this information is not available. It is not possible to apportion the relief of mixed incomes between earned and investment income and the greater part of investment income is in such mixed incomes.
§ Mr. Gordon Walkerasked the Chancellor of the Exchequer how much of the relief of Income Tax proposed in his Budget statement will accrue in a full year to people earning less than £750 a year and the number of people involved; how much will accrue to people earning from £750 a year to £1,500 a year and the number of people involved; how much will accrue to people earning over £1,500 a year and the number of people involved; and how much will accrue to companies.
§ Mr. SimonI cannot give figures in this exact form; but the full year cost of Budget Income Tax reliefs by income ranges is given below:
Range of total income Numbers of taxpayers Relief (£) (thousands) (£m.) 0–750 12,200 50 750–1,500 5,800 59 Over 1,500 800 57 18,800 166 The amount accruing to companies' reserves is £63 million.