§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer if he will estimate the revenue yield in the(a) first year and (b) a full year from abolishing the age related personal allowances and replacing them with the standard personal allowance at the existing level. [106509]
§ Dawn PrimaroloThe yield from replacing the age-related personal allowances with the standard personal allowances in 2000–01 is around £0.95 billion in a full year and £0.8 billion in the first year on a National Accounts Basis. These estimates are based on the 1997–98 Survey of Personal incomes and consistent with the November 1999 Pre-Budget Report forecast.