§ 51. Mr. Sheldonasked the Chancellor of the Exchequer what estimate he has made of the loss to the revenue if the first £200, the first £250, the first £300 and the first £400 of taxable income were charged at 15 per cent.; and what would be the loss if they were charged at 20 per cent.
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§ Mr. NottThe estimated loss to the revenue for a full year would be of the following order.
Reduced Rate band 200 250 300 400 £ million Cost: with rate of 15 percent. 940 1,140 1,330 1,670 with rate of 20 percent. 740 900 1,050 1,320