§ Mr. Greenwayasked the Chancellor of the Exchequer what would be the cost to public funds of a reduction in income tax to 25 and 20 per cent. respectively; and if he will make a statement.
§ Mr. MooreThe direct revenue cost of reducing the basic rate of income tax to 25 per cent. and 20 per cent. would be about £6 billion and £12 billion, respectively, in a full year at 1986–87 levels of income.
Mr. John Mark Taylorasked the Chancellor of the Exchequer what representations he has received regarding tax cuts.