§ Dr. McDonaldasked the Chancellor of the Exchequer (1) what are the costs in terms of loss of revenue to the Exchequer of the changes in rates of income tax above 35 per cent., on bands of taxable income which now start at £6,000;
(2) what are the costs in terms of loss of revenue to the Exchequer of extending the basic rate band by £1,000, thus making the entry point to higher-rate liability £6,000;
(3) what are the costs, in terms of loss of revenue to the Exchequer, of the tax changes outlined in the Budget given to those earning £4,000 per annum and above;
(4) if he will estimate in monetary and percentage terms the benefits obtained from the Budget by a married man with dependent wife, and two dependent children, earning £2,000 per annum, £3,000 per annum, £4,000 per annum, £5,000 per annum, £10,000 per annum, £20,000 per annum, £30,000 per annum and £40,000 per annum, and the costs in terms of loss of revenue to the Exchequer of providing these benefits for each of the above earned income groups.
§ Mr. Robert SheldonI will let my hon. Friend have a reply as soon as possible.