§ Mr. David Mitchellasked the Chancellor of the Exchequer what was the yield of higher rate income tax for the fiscal year 1974–75; and what was the yield of investment income surcharge for 1974–75.
§ Mr. Robert SheldonFor 1974–75 the estimated yield of income tax at higher rates, excluding the basic rate component, is about £660 million and for the investment income surcharge about £185 million.