HC Deb 28 January 1977 vol 924 cc804-5W
Mrs. Castle

asked the Chancellor of the Exchequer by how much the tax threshold could be raised for an expenditure of £900 million at 1976 prices.

Mr. Robert Sheldon,

pursuant to his reply [Official Report, 21st January 1977; Vol. 924, c. 352], gave the following information:

At 1976–77 income levels it would cost about £900 million to increase the single, earnings wives', married and aged tax allowances by £100.

Mr. Rippon

asked the Chancellor of the Exchequer what would be the cost to the Exchequer in the current financial year if the income tax threshold were raised either by (a) £500 or (b) £250.

Mr. Robert Sheldon,

pursuant to his reply [Official Report, 24th January 1977; Vol. 924, c. 414], gave the following information:

The cost of increasing the single and earning wives' tax allowances, the married allowance and the age allowances by (a) £500 or (b) £250 would be about £4,200 million and £2,200 million respectively.