§ Mr. Ovendenasked the Chancellor of the Exchequer what would be the net cost of introducing a scheme of tax credits based on a credit of £7 per calendar month for a single person, £11 for a married couple and £4 for each child, assuming that tax allowances, child benefit, family income supplement, rent and rates rebates and free school meals were abolished; and what would be the net cost if rent and rate rebates were retained when the scheme was introduced.
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§ Mr. Robert SheldonI shall let my hon. Friend have a reply as soon as possible.