§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer if he will list each of the changes to national insurance contributions and income tax for each Budget since May 1979, that raise more than £5 million in revenue, in 1993–94 prices, giving for each change the full year yield in 1993–94 prices.
§ Mr. DorrellInformation in terms of money of the day is available in the "Financial Statement and Budget Report" and "Autumn Statement" for the years in question. Reliable estimates of the revenue effects of measures from previous Budgets for 1993–94 could be provided only at disproportionate cost. It is not appropriate simply to revalorise the orginal estimates by the change in the retail prices index because this does not take proper account of changes in incomes, profits, interest rates, and so on between the year to which the orginal estimate relates and 1993–94.
§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer what estimates he has made of the increase to the average family's tax bill when taking into account(a) changes in excise duties and (b) the imposition of indirect taxes on air travel and most general insurance premiums.
§ Sir John CopeI refer the hon. Member to the answer I gave to the hon. Member for Warwickshire, North (Mr. O'Brien) on 16 December 1993,Official Report, column 842.
§ 1995. Mr. Nicholas BrownTo ask the Chancellor of the Exchequer by how much he estimates the cumulative effects of an increase in the rate of employees' national insurance contributions, the restriction in value of the married couple's tax allowance and of mortgage interest tax relief, and the imposition of VAT on fuel at 8 per cent. will cost the average family from(a) April 1994 (b)
§ Sir John CopeI refer the hon. Member to the answer given to the hon. Member for Cardiff, Central (Mr. Jones) on 16 December 1993,Official Report, column 1263.
§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer what proportion of the extra revenue the Treasury forecasts it will raise in(a) 1995–96 and (b) 1996–97 as a direct result of the proposals outlined in both this year's Budgets will be accounted for by (i) freezing personal allowances, (ii) indirect taxes and (iii) higher employees' national insurance contributions.
§ Mr. DorrellThe answers are given in the table—rounded to the nearest percentage point:
Per cent. 1995–96 1996–97 Personal allowances 9 9 Indirect taxes 37 43 Employee NICs 13 12