§ Mr. Michael Lathamasked the Chancellor of the Exchequer what would be the cost to public funds of exempting from income tax all retirement pensioners, irrespective of their other sources of income.
§ Mr. Robert SheldonAn estimate for retirement pensioners alone is not available, but the estimated cost in 1975–76 of exempting from tax the total income of all national insurance retirement pensioners and widows in receipt of widows' benefits is about £1,500 million.