§ Mr. Wakehamasked the Chancellor of the Exchequer by how much the gloss pay of taxpayers paying tax at a marginal rate of 35 per cent. would have to have increased since 28th February 1974 to give an increase of £232 and £248 in net pay at present.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 12th July 1977; Vol. 935, c. 110], gave the following information:
The increases required in gross pay are £357 and £382 respectively, assuming that the whole of those increases was charged at the 35 per cent. rate.