§ Sir C. Osborneasked the Chancellor of the Exchequer how much extra per week would be added to the incomes of all other adult persons, if everything over £2,000 net per year were taken from the Surtax payers and given to them.
§ Mr. MacDermotTable 60 of the 108th Annual Report of the Inland Revenue shows that the aggregate net income in excess of £2,000 each of all those whose net income after Income Tax and Surtax was £2,000 or more for 1963–64 was £547 million. If this excess—from Surtax payers and non-Surtax payers alike—were redistributed it would provide all other adult members of the population with about £15 9s. 0d. or 6s. 0d. a week before payment of tax.