§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what would be the gain to the Exchequer from raising the standard rate of tax on unearned income to 35 per cent.; and if he will publish in the Official Report a table showing the distribution of the gain for those over and under age 65 by total income band and personal category.
§ Mr. Norman LamontThis would depend on the detailed rules and thresholds for calculating the extra tax, for example in the case of a higher rate taxpayer with both earned and unearned income.