§ Mr. Hordernasked the Chancellor of the Exchequer if he will publish a table giving the value of children's allowance, under 11 years, 11 to 15 years, 16 years and over, personal allowance, single and married, housekeeper allowance, dependent relative allowance, blind person's allowance, dependence on daughter's service allowance, tax relief on mortgage interest payments, tax relief on life insurance payments and flat rate schedule 12 allowances, including total allowances.
§ Mr. Denzil DaviesThe available estimates for 1976–77 are as follows:
Cost £ million Child allowance: under 11 years 130 age 11–15 450 age over 16 930 Single person 2,480 Married person 4,780 Housekeeper 1½ Dependant relative 35 Blind person's 1½ Daughter's services under¼ Tax relief on mortgage interest 1,100 Tax relief on life assurance 200 Assuming that "flat rate Schedule 12 allowances" refers to expenses allowable as deductions under Schedule E, the latest information refers to 1975–76 when the cost for all allowable expense is estimated at about £105 million. A separate figure for flat rate allowances is not available.
95W
§ Mr. Ralph Howellasked the Chancellor of the Exchequer by how much each of the main personal income tax allowances would need to be increased in April 1977 in order to maintain their April 1976 value in real terms; and what would be the estimated cost to the Exchequer of those increases.
§ Mr. Denzil DaviesOn the basis of the increase in the retail price index between April 1976 and January 1977 the increases required would be as follows:
£ Single and wife's earning income allowances 90 Married allowance 135 Additional personal allowance 45 Age allowance, single 125 Age allowance, married 195 The estimated cost of such increases would be about £1,050 million at 1976–77 income levels.
§ Mr. Newtonasked the Chancellor of the Exchequer at what level the principal personal allowances would now stand if they had moved in line with the retail price index since the Budget of 1973;and what would be the cost to the Revenue of raising them to these levels in the forthcoming Budget.
§ Mr. Denzil Davies,pursuant to the reply [Official Report, 14th February 1977; Vol. 926, c. 101], gave the following information:
On the basis of the increase in the retail price index between April 1973 and January 1977 the figures would be as follows:
£ Single and wife's earned income allowances 1,114 Married allowance 1,451 Age allowance: Single 1,310 Married 1,872 The estimated cost of increasing the allowances to these amounts would be about £3,200 million at 1976–77 income levels.