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Mr. Newton
asked the Chancellor of the Exchequer if he will estimate the revenue cost of cutting to 25 per cent. the rate of income tax on (a)the first £500, (b)the first £1·000 and (c)the first £2,500 of taxable income.
Mr. Denzil Davies
At 1976–77 levels of income and allowances the costs of applying a 25 per cent. rate of income tax to the first £500, £1,000 and £2,500
| United Kingdom | England | Scotland | Wales | ||
| Total value of relief (£m.) | … | 1,100 | 1,010 | 45 | 35 |
| Average relief per mortgagor (£) | … | 183 | 190 | 150 | 140 |
| Average relief per owner occupied dwelling (£) | … | 101 | 107 | 70 | 58 |
| Average relief per head of population (£) | … | 20 | 22 | 9 | 13 |