§ Mr. John Mooreasked the Chancellor of the Exchequer (1) what would be the loss in revenue to the Exchequer in 1976–77 if the maximum rate of tax on earned income were reduced to 50 per cent. and the other present rates were reduced also as indicated: present 35 per cent. to 20 per cent., present 40 per cent. to 25 per cent., present 45 per cent. to 30 per cent., and present 50 per cent. to 35 per cent., and all rates currently above 50 per cent. to 50 per cent. as a maximum;
(2) what would the loss in revenue to the Exchequer in 1976–77 if the maximum rate of tax on earned income were reduced to 50 per cent. and the rates were reduced also as indicated: 35 per cent. to 15 per cent., 40 per cent. to 20 per cent., 45 per cent. to 25 per cent., and 50 per cent. to 30 per cent., and all rates currently in excess of 50 per cent. to 50 per cent. as a maximum;
(3) what would be the loss in revenue to the Exchequer in 1976–77 if the maximum rate of tax on earned income were reduced to 50 per cent. and the other present rates were reduced as indicated: present 35 per cent. to 25 per cent., present 40 per cent. to 30 per cent., present 45 per cent. to 35 per cent. and present 50 per cent. to 40 per cent. and all rate currently above 50 per cent. to 50 per cent. as a miximum.
§ Mr. Robert SheldonI will let the hon. Member have a reply as soon as possible.