§ Mr. Deanasked the Chancellor of the Exchequer what would be the yearly cost of extending the age relief so that total income is treated as earned income for tax purposes in the case of persons of 65 years of age and over.
§ Mr. MacDermotIf the relief applied for Income Tax only the cost would be about £30 million for a full year but if it applied for Surtax as well the cost might be of the order of £50 million.