§ Sir R. Russellasked the Chancellor of the Exchequer what is the estimated cost to the exchequer of reducing to£2,000 a year the starting rate of surtax on all incomes and on the earned part of incomes which are partly earned and partly derived from investment, respectively.
§ Mr. Patrick JenkinI am not sure what my hon. Friend has in mind in the second part of his Question. There would be a yield of£6 million to the Revenue if the starting points for surtax were lowered from£2,500 to£2,000 of surtax-able income.