§ Mr. Fieldasked the Chancellor of the Exchequer what would be the net savings if all tax allowances were allowed only at the standard rate of tax.
§ Mr. Peter Rees[pursuant to his reply, 11 July 1980, c. 317]: If the personal allowances were given only at the basic rate, the estimated yield for a full year at 1980–81 income levels would be about £230 million.