§ Sir Ralph HowellTo ask the Chancellor of the Exchequer what would be the maximum by which income tax thresholds could be raised as a consequence of a 523W revenue reduction of (a) £1 billion, (b) £2 billion, (c) £3 billion, (d) £4 billion, (e) £5 billion and (f) £6 billion. [8476]
§ Mr. JackLatest estimates are that the personal allowance, including the age-related personal allowances, could be raised by the following amounts for the corresponding full year costs at 1996–97 levels.
Increase in non aged and aged personal allowances Full year cost at 1996–97 levels £ £billion 160 1 320 2 480 3 650 4 820 5 1,000 6