§ Mr. Houghtonasked the Chancellor of the Exchequer what the several amounts of loss to the revenue would be if Income Tax age exemption limits were raised from ³275 to ³300 for a single person, from ³440 to ³480 for a married person, respectively, and if the limit for small incomes relief were raised from ³300 to ³325.
§ Sir E. BoyleTo increase the age exemption limits and the limit for small income relief as suggested would cost ³3¼ million and ³½ million, respectively.
§ Mr. Houghtonasked the Chancellor of the Exchequer what the cost in revenue would be if he raised the three-tier children allowances for Income Tax from ³100 to ³110, ³125 to ³140, and ³150 to ³170, respectively.
§ Sir E. BoyleAbout ³23 million.