§ Mr. Deakinsasked the Chancellor of the Exchequer if his Department is monitoring the effects of the income tax cuts of 1979.
§ Mr. Peter ReesYes.
§ Mr. Brothertonasked the Chancellor of the Exchequer what is his latest estimate of the yield of one penny on the standard rate of income tax.
§ Mr. Peter ReesAbout £800 million in a full year at 1980–81 income levels.