HC Deb 04 April 1978 vol 947 cc114-5W
Mrs. Wise

asked the Chancellor of the Exchequer how much revenue would be lost if the standard rate of income tax were cut by (a) 1p, (b) 2p, (c) 3p and (d) 9p in the pound.

Mr. Robert Sheldon

The losses at 1977–78 income levels would be:

£ million
(a) 445
(b) 890
(c) 1,335
(d) 4,000