§ Mr. WebbTo ask the Chancellor of the Exchequer if he will estimate the saving from withdrawing his proposed child tax credit from higher rate taxpayers at a rate of(a) £10 loss of credit per £5 of extra income, (b) £10 loss of credit per £4 of extra income and (c) £10 loss of credit per £3 of extra income. [141342]
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§ Dawn Primarolo[holding answer 11 December 2000]: The saving from withdrawing the children's tax credit from higher rate tax payers at a rate of £10 loss of credit per £5 of extra income, £10 loss of credit per £4 of extra income, and £10 loss of credit per £3 of extra income is estimated to be around £60 million, £65 million and £75 million respectively.