§ Mr. Denzil DaviesTo ask the Chancellor of the Exchequer if he will estimate the change in revenue in a full year of replacing the present rates and thresholds of income tax with a structure in which(a) the first £2,500 incurred tax at 20 per cent., (b) £2,500 to £30,000 at 25 per cent., (c) £30,000 to £60,000 at 40 per cent., (d) £60,000 to £100,000 at 50 per cent. and (e) over £100,000 at 60 per cent., while retaining the existing levels of personal allowances.
§ Mr. DorrellThe estimated revenue yield in a full year at 1993–94 income levels from imposition of the specified regime is £570 million.