§ Ms PrimaroloTo ask the Chancellor of the Exchequer if he will make it his policy not to impose new taxes or increase existing ones without first conducting a study to(a) assess the effects of such a tax on consumer behaviour and (b) assess the revenue effects of such a tax. [31344]
§ Sir George YoungChanges in taxation are made only after an assessment of their effects has been made. Estimates of the direct revenue effects of tax measures are set out in the "Financial Statement and Budget Report", table 5.1 in the 1995–96 FSBR. The wider economic effects are taken into account in the economic forecast, which is also published in the FSBR.
833W
§ Mr. Frank FieldTo ask the Chancellor of the Exchequer if he will list the percentage change of income paid in tax and national insurance between 1974–75 and the latest available date by(a) a single person, (b) a married couple, (c) a married couple with two children and (d) a married couple with four children earning (i) one third of average earnings and (ii) average earnings. [31269]
§ Sir George Young[holding answer 28 June 1995]: Available information is in the tax benefit reference manual, 1995–96 edition, a copy of which is in the Library.
§ Mr. FieldTo ask the Chancellor of the Exchequer what was the change in the tax-free income in real terms between 1974–75 and the latest available date for(a) a single person, (b) a married couple, (c) a married couple with one child, (d) a married couple with two children and (e) a married couple with four children earning (i) one third of an average income and (ii) average earnings. [31268]
§ Sir George Young[holding answer 28 June 1995]: Available information about tax thresholds and break-even points is in appendix C of "Inland Revenue Statistics 1992" for earlier years and table 2.5 of "Inland Revenue Statistics 1994" for recent years.