§ Mr. Tim Smithasked the Chancellor of the Exchequer what would be the cost to the Exchequer of repealing section 37 of the Income Tax and Corporation Taxes Act 1970.
§ Mr. Norman Lamont[pursuant to his reply, 7 July 1987, c. 83]: This would depend on the levels of allowances available to husbands and wives, the rules of distinguishing a wife's income from that of her husband, and any transitional provisions following the change.