§ 77. Dame Joan Vickersasked the Chancellor of the Exchequer what increase in the standard rate of Income Tax would be required to yield additional revenue in 1968–69 equivalent to the additional increase in wages and salaries arising from the official norm for such increases being exceeded by ½ per cent., 1 per cent., 1½ per cent., and 2 per cent., respectively.
§ Mr. Harold LeverThere is at present no official norm for wage and salary increases. As regards future incomes policy, as my right hon. Friend the Prime Minister has said, we shall be making a full statement to the House in due course.