§ Mr. Rymanasked the Chancellor of the Exchequer what was the total cost during the last three years, respectively, of the concession whereby a proportion of the premium for life policies can be set off against taxable income by a taxpayer.
§ Mr. Robert SheldonThe figures are as follows:
£ million 1974–75 … … … 157 1975–76 … … … 185 1976–77 … … … 200 The 1974–75 estimate is as shown by the Survey of Personal Incomes for that year; the estimates for 1975–76 and 1976–77 are derived from projections based on the 1974–75 data.