§ Mr. MacGregorasked the Chancellor of the Exchequer what would be the cost of raising the starting point of higher rates of tax with other higher rates adjusted accordingly but retaining the same difference between the bands as exist at present to £8,000 and £10,000 respectively.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 7th February 1977; Vol. 925, c. 518], gave the following information:
At 1976–77 levels of income, about £400 million and £530 million respectively.