§ Mr. Ralph Howellasked the Chancellor of the Exchequer what would be the loss of revenue if tax rates were altered to start at 15 per cent. on the first £500 of taxable income, and to increase by 5 per cent. on each extra £1,000 of 36W taxable income thereafter, with a maximum of (a) 50 per cent. and (b) 60 per cent.
§ Mr. Robert SheldonAbout £5,500 million for (a) and about £5,200 million for (b), at 1977–78 income levels.