§ Mr. Hicksasked the Chancellor of the Exchequer how many people he estimates will benefit from the decision to abolish the investment income surcharge; and what percentage of these are people of retirement age and people dependent upon fixed incomes, respectively.
§ Mr. Moore[pursuant to his reply, 14 May 1984, c. 12]: About 280,000 taxpayers will benefit from the abolition of the investment income surcharge. Of these about 160,000 are single people over 65 or married couples with at least one spouse over 65. I regret that it is not possible to estimate how many are dependent upon fixed incomes.