HC Deb 04 November 1975 vol 899 cc147-8W
Mr. Ralph Howell

asked the Chancellor of the Exchequer what would be the loss to the Revenue if all personal allowances were to be doubled in value, and the structure of personal tax rate amended to give new bands of taxable income as follows: £0–£3,000 at 35 per cent. £3,000–£4,000 at 40 per cent., £4,000–£5,000 at 45 per cent]., £5,000–£6,000 at 50 per cent., £6,000–£7,000 at 55 per cent., £7,000–£9,000 at 60 per cent., £9,000–£12,000 at 65 per cent., £12,000–£15,000 at 70 per cent. and over £15,000 at 75 per cent.

Mr. Robert Sheldon

Around £7,000 million.