§ Sir C. Osborneasked the Chancellor of the Exchequer what estimate he has made of the extra net income per week that would be received by the average person with a present net personal income of less than £2,000 per annum if all personal incomes in excess of £2,000 were to be confiscated and redistributed equally among those with incomes below that level.
§ Mr. GreenThe aggregate net income in excess of £2,000 each of all those218W whose net income after Income Tax and Surtax was £2,000 or more in 1962 was about £417 million. If this excess were confiscated and redistributed it would provide all other adult members of the population with about 4s. 6d. a week each before payment of tax.