Income Tax

HC Deb 26 January 1971 vol 810 cc69-70W

Mr. Hugh Jenkins

asked the Chancellor of the Exchequer what increase in gross income he estimates will be necessary to provide a man earning £18,000 a year with equivalent of a 6d. reduction in income tax.

Mr. Patrick Jenkin

At current tax rates, £4,450 for a man entitled only to the single person's allowance; rather less for taxpayers with dependants.