§ Mr. Atkinsonasked the Chancellor of the Exchequer what additional tax reliefs are necessary to maintain the value of the present reliefs at the same value as the comparable reliefs in the last two Budgets, respectively.
§ Mr. Robert SheldonThe personal allowances proposed in the Budget, including the conditional proposals, would have to be further increased by the following amounts in order to maintain in real terms at March 1976 their value to the basic rate taxpayer in April 1974 and April 1975.
Real value maintained from April 1974 April 1975 £ £ Single allowance +101 +52 Married allowance +73 +29 Child tax allowances—not over 11 +21 -20 over 11, not over 16 +33 -14 over 16 +43 -9 The calculations take account of the increases in the General Index of Retail Prices between April 1974 or April 1975 412W and March 1976, the latest month for which a figure is available.