§ 74. Sir T. Beamishasked the Chancellor of the Exchequer what was the approximate net annual yield during the financial year 1969–70 from an increase of one shilling in the standard rate of income tax, with consequent increases for those who pay taxes below the full rate, and without any increase at lower rates, respectively.
166W
§ Mr. TaverneIf the increase in the reduced rate is proportionate to the shilling increase in the standard rate the figures are about £565 million and about £360 million respectively for 1969–70.