§ Mr. Wickendenasked the Chancellor of the Exchequer what is the estimated cost to public funds of index linking age allowance for income tax purposes.
§ Mr. Peter ReesIf age allowances were increased for 1981–82 by £280 (single) and £440 (married)—that is, by the percentage specified in section 24 of the 1980 Finance Act—the cost would be £205 million in a full year at 1981–82 income levels.