HC Deb 01 May 1991 vol 190 c212W
Mr. Nicholas Brown

To ask the Chancellor of the Exchequer if he will estimate the effect on Treasury revenues in 1991–92 and in a full year of introducing a 9 per cent. surcharge on the investment income of non-pensioners, subject to a £3,000 exemption.

Mr. Maude

Such a surcharge of 9 per cent. on the investment income of individuals aged under 65 would yield about £950 million in a full year at 1991–92 levels of income.