§ Mr. Fieldasked the Chancellor of the Exchequer if he will update the answer given to the hon. Member for Birkenhead [Official Report, c. 144, 11 June 1979] to take into account the Budget changes.
§ Mr. Peter Rees, pursuant to his reply [Official Report, 28 June 1979], gave the following answer:
The Figures are as follows:
also benefit from the increase in the higher rate threshold. The figure of 1,110,000 therefore includes the 240,000 benefiting from the reduction in the top rate.
I regret that, as I have informed the right hon. Member, there was an error in my earlier answer. The total benefit from the Budget changes to the group of 1,110,000 taxpayers is estimated to be approximately £1,400 million, rather than the £1,550 million which I quoted previously.