§ Mr. Raisonasked the Chancellor of the Exchequer what would be the cost in terms of loss of revenue to the Exchequer during the 1977–78 tax year of reducing the basic rate of income tax firstly from 35p to 25p in the pound and 420W secondly from 35p to 20p in the pound in (a) the first £1,000, (b) the first £1,500, and (c) the first £2,000 of taxable income, assuming taxable income limits for higher rates of tax remain as at present.
§ Mr. Robert SheldonI shall let the hon. Member have a reply as soon as possible.
§ Mr. Raisonasked the Chancellor of the Exchequer what would be the cost in terms of loss of revenue to the Exchequer for the 1977–78 tax year if (a) the single personal allowance were raised by £150 per annum, and (b) the married man's allowance and the wife's earned income allowance were raised by £150 per annum.
§ Mr. Robert SheldonI shall let the hon. Member have a reply as soon as possible.