§ Mr. Meacherasked the Chancellor of the Exchequer what would be the net overall effect on Government revenue from the tax changes referred to in his answer of 15th November 1973, column 211–12.
§ Mr. Nott,pursuant to his reply [OFFICIAL REPORT, 14th December 1973; Vol. 866, c. 217–18], gave the following information—
To introduce the changes referred to, excluding for the reasons given those relating to mortgage interest and life assurance relief, and assuming that child endowments were not taxable, would cost about £250 million.