§ Sir Ian GilmourTo ask the Chancellor of the Exchequer what would be the additional revenue in a full year that would result from abolishing the £3,295 annual tax allowance for children; and by how much child benefit could be raised if the additional revenue were wholly used for that purpose.
§ Mr. Norman LamontThe additional revenue produced by abolishing the personal tax allowance for all children 477W would be about £60 million in a full year for the United Kingdom. This sum would allow child benefit to go up by about 10p a week for each eligible child.