HC Deb 24 May 1966 vol 729 c66W
Mr. Barnett

asked the Chancellor of the Exchequer if he will give an estimate of the cost of exempting from Income Tax the first £15 of all bank interest.

Mr. MacDermot

About £15 million in a full year, if the exemption was additional to the existing exemption for Post Office Savings Bank, etc., interest.

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