§ Mr. Ralph Howellasked the Chancellor of the Exchequer what would be the cost of altering tax rates to start at 15 per cent. on the first £1,000 taxable income, increasing by 5 per cent. on each subsequent £1,000 to a maximum of 50 per cent.
§ Mr. RidleyThe cost in a full year at 1982–83 income levels would be approximately £1,500 million.