§ Mr. BeithTo ask the Chancellor of the Exchequer what would be the yield in 1991–92 and 1992–93 from introducing a new rate of income tax of 50 per cent. on incomes above £50,000.
§ Mr. MaudeThe estimated revenue yield is about £¾billion in 1991–92 and £1½ billion in 1992–93. These estimates take no account of any behavioural effects that might result from such a change.