§ Mr. Wilkinsonasked the Chancellor of the Exchequer whether he will consider a reduction of the rate of taxation on savings or unearned income for old-age pensioners to that on earned income.
§ Mr. Patrick JenkinI have noted my hon. Friend's suggestion; but I would remind him that age relief gives the equivalent of earned income relief on the investment income of a taxpayer aged 65 or over whose total income does not exceed £1,000.