HC Deb 14 February 1985 vol 73 cc289-90W
Mr. Deakins

asked the Chancellor of the Exchequer for each 1 per cent. increase in income tax personal allowances, what is the total gain to income tax payers in each band of income tax.

Mr. Moore

The latest estimates of the gains from a 1 per cent. increase in personal allowances are shown below:

Marginal tax rate* per cent. Total gains in a full year £ million
30 180
40 6
45 4
50 2
55 1
60 2
Total 195
* based on the distribution between marginal rates in 1984–85.