§ Mr. Newtonasked the Chancellor of the Exchequer what the various bands of income for tax purposes would have to be in April 1977 in order to cover the same real income as in April 1973 and April 1976, respectively, assuming (a) an inflation rate of 17 per cent. in the year to April 1977, and (b) an inflation rate of 20 per cent. in the year to April 1977; and if he will state the cost of the appropriate changes in each case.
§ Mr. Robert SheldonI will let the hon. Member have a reply as soon as possible.