§ 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.; what the loss would be if they were charged at 20 per cent.; and how much of these losses would be attributable to those with incomes less than £2,000 a year.
§ Mr. NottOn the assumption that the reduced rate band also applied to wives' earnings, the figures for the present tax system are as follows:
1 per cent., 2 per cent., 3 per cent., 4 per cent. and 5 per cent., respectively, with exemptions for the first £20,000, the first £50,000 and the first £100,000.
§ Mr. NottOn the basis of the valuation of estates for estate duty in 1970–71, the estimated yields are: