§ Mrs. Wiseasked the Chancellor of the Exchequer what is the estimated cost of his proposal in the Budget to raise each of the thresholds at which income tax is payable at rates above the standard rates, giving separate costings for each band and stating how many taxpayers will benefit in each case.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 9th May 1977], gave the following answer
The estimates are as follows:
Bands of taxable income Numbers who benefit Cost (£) (000) (£m.) 5,000–6,000 1,645 90 6,000–7,000 1,005 58 7,000–8,000 675 39 8,000–9,000 485 28 9,000–10,000 365 15 10,000–12,000 280 22 12,000–14,000 185 14 14,000–16,000 130 5 16,000–21,000 95 4 21,000 plus 50 — 275