HC Deb 25 May 1979 vol 967 c303W
Mr. Meacher

asked the Chancellor of the Exchequer what would be the loss of revenue to the Exchequer if the top marginal rate of income tax were reduced from 83 per cent. to 75 per cent. and 60 per cent., respectively.

Mr. Peter Rees

I shall let the hon. Member have a reply as soon as possible.

Mr. Meacher

asked the Chancellor of the Exchequer what would be the cost to the Exchequer in revenue forgone from, respectively, a 1 per cent. cut in the basic rate of income tax and a £100 increase in the married allowance and £60 in the single allowance.

Mr. Peter Rees

I shall let the hon. Member have a reply as soon as possible.