asked the Chancellor of the Exchequer what loss of revenue would result and what compensatory increase in the standard rate of VAT would be necessary if the bands of taxable income were altered to make tax payable at the following rates: £0–2,000 at 15 per cent., £2,000–4,000 at 20 per cent., £4,000–6,000 at 25 per cent., £6,000–8,000 at 30 per cent., £8,000–10,000 at 35 per cent., £10,000–12,000 at 40 per cent., £12,000–14,000 at 45 per cent., and £14,000 and above at 50 per cent.

I will let the hon. Member have a reply as soon as possible.