§ Mr. Lawsonasked the Chancellor of the Exchequer if he will further elucidate the intention of the phrase "the revenue under the existing basis, which is estimated to be £25 million, arising from the scales in the Finance Bill" in his reply of 27th July to the hon. Member for Blaby.
§ Mr. Robert SheldonI regret that, owing to a transcription error, the reply given to the hon. Member for Blaby (Mr. Lawson) on 27th July was incorrect. It should have read as follows
The figure of £80 million given by the Financial Secretary on 15th July [Official Report, c. 1062] referred to the total revenue expected under the benefit provisions, that is to say the revenue under the existing basis, which is estimated to be £25 million, plus the additional revenue arising from the scales in the Finance Bill, which is estimated to be £55 million as given in the Reply to the hon. Member on 19th July [Official Report, c. 358].