HC Deb 11 May 1972 vol 836 c418W
Sir R. Russell

asked the Chancellor of the Exchequer what is the estimated cost to the Exchequer in 1973–74 of substituting £5,000 for £2,000 in Clause 64(b), page 44, line 8 of the Finance Bill.

Mr. Nott:

No estimate can be made for the cost in 1973–74 but on the basis of estimated 1972–73 incomes, the cost for a full year would be about £70 million.