HC Deb 15 December 1964 vol 704 c44W
Mr. Costain

asked the Chancellor of the Exchequer what would be the cost of increasing the personal Income Tax allowance for a single person from £200 to £300 per annum, and for a married person from £320 to £420 per annum.

Mr. MacDermot

At 1964–65 rates of tax the cost is £515 million in a full year (£410 million in the first year); at 1965–66 rates the full year is £530 million (£425 million in the first year).