HC Deb 15 November 1973 vol 864 cc214-5W
Mr. Joel Barnett

asked the Chancellor of the Exchequer what is the yield from a 1p increase or reduction in the basic rate of tax in 1973–74.

Mr. Nott

About £200 million in 1973–74.

Mr. Joel Barnett

asked the Chancellor of the Exchequer what would be the yield in 1973–74 from increasing each of the higher rates of tax (a) by 10 per cent. and (b) by 10 percentage points.

Mr. Nott

£15 million and £27 million, respectively.

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