§ Mr. MacGregorasked the Chancellor of the Exchequer whether he will estimate the percentage by which the yield of income tax would rise if all personal incomes were to rise by 10 per cent. while tax rates and allowances remained unchanged.
§ Mr. Robert SheldonAbout 18 per cent.
§ Mr. Cormackasked the Chancellor of the Exchequer what would be the estimated loss to the revenue in the current year if the highest rate of tax on (a) earned and (b) unearned income were 50 per cent., 60 per cent. and 70 per cent., respectively.
§ Mr. Robert SheldonI will let the hon. Member have a reply as soon as possible.