HC Deb 10 March 1992 vol 205 c433W
Mr. French

To ask the Chancellor of the Exchequer what higher rate of income tax would be necessary to raise the same revenue as would be raised by a higher rate of 50 per cent. and removing the ceiling on national insurance contributions.

Mr. Maude

At 1992–93 levels of income and assuming statutory indexation of allowances and thresholds, a higher rate of 59 per cent. would raise an approximately equivalent amount of revenue in a full year.