§ 50. Mr. Timothy Smithasked the Chancellor of the Exchequer by how much personal income tax allowances would have to be increased in 1983–84 in order to restore their real value in 1978–79.
§ Mr. RidleyThe single allowance in 1983–84 would need to be £140 higher than its level in 1982–83 and the married man's allowance £210 higher. The allowances would then be about 3 per cent. above the levels required to index them from their levels in 1982–83 by reference to the statutory formula.