§ Mr. WigleyTo ask the Chancellor of the Exchequer if he will estimate the value in constant 1996 prices of an increase of one penny in 1995–96 income tax for each of the tax rates and in total from(a) each of the 22 unitary authorities in Wales, (b) Wales and (c) the United Kingdom in (i) 1996–97 and (ii) 1997–98 indicating in each case the percentage of additional tax raised. [7458]
127W
§ Mr. JackIt is not possible to provide a reliable breakdown below United Kingdom level for 1995–96. The latest available information is for 1994–95. The full year yield from a 1p increase in each of the tax rates under the 1994–95 tax regime and at 1994–95 income levels is given in the table. The overall yield from increasing all of the tax rates by 1p represents about 4 per cent. of the total income tax liabilities of individuals in that year.
Full year yield under the 1994–95 tax regime and at 1994–95 income levels (£ million) Increase lower rate by 1p Increase basic rate by 1p Increase higher rate by 1p Wales 30 70 10 United Kingdom 690 1,700 410