§ Dr. MarekTo ask the Chancellor of the Exchequer how many taxpayers there were in the last financial year whose taxable earnings averaged £1,000 or more per day.
§ Sir George Young[holding answer 14 March 1995]: A reliable estimate is not available.
§ Dr. MarekTo ask the Chancellor of the Exchequer what assessment he has made of the benefits of introducing a higher marginal income tax rate for those taxpayers earning more on average than £1,000 per day.
§ Sir George Young[holding answer 14 March 1995]: We believe that high income tax rates damage incentives and growth. Our policy is to have a tax system with low marginal rates—so that people keep more of every extra pound they earn—and a broad tax base.