§ Mr. Hordernasked the Chancellor of the Exchequer further to the reply to the hon. Member for Gravesend (Mr. Ovenden) Official Report, 25th January, column 588, what would be the cost of restoring each of the tax allowances to their value in 1971–72, calculated at 1961–62 prices.
§ Mr. Denzil DaviesThe cost for 1976–77 would be about 1,020 million, if the tax allowance for a child over 16 were also correspondingly increased.