§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what estimate he has made of the revenue yield of(a) cutting age-related personal allowances to the level of the basic personal allowance and (b) increasing class IV national insurance payments to a rate of 22.2 per cent. [146251]
§ Dawn PrimaroloThe full-year yield from cutting the age-related personal allowances to the basic personal allowance is £950 million for 2000–01. The effect of making a change to the class 4 rate is given in table 1.6 of Inland Revenue Statistics 2000.
These estimates are based on the Survey of Personal Incomes and are consistent with the November 2000 pre-Budget Report.