§ Mr. Grocottasked the Chancellor of the Exchequer (1) if he will list the balance of payments surplus or deficit for each of the last seven years;
(2) what would be the estimated reduction in revenue resulting from a 1p, 2p, 3p, 4p and 5p reduction in the standard rate of income tax; and what would be the increase in revenue from a 1p and 2p increase in the standard rate;
927W(3) what was the total revenue received from the rating system in 1977–78; and what would be the effect on the standard rate of income tax if this sum were collected through income tax.
§ Mr. Robert SheldonI regret that in the time available it has not been possible to provide the information requested. I will write to my hon. Friend.