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Mr. Rooker asked the Chancellor of the Exchequer if he will make a statement showing what the personal tax allowances will be for the year 1979–80 if
the changes allowed for in section 22 of the Finance Act 1977 are based on the latest retail price index figure for December 1978; and if he will show the effect of this change for a worker on median earnings and a pensioner paying tax at ( a) the lower rate of 25 per cent, and ( b) at the standard rate of 33 per cent.
Mr. Robert Sheldon
If the personal allowances were increased in line with changes in the retail price index between
| Tax at 25 per cent. | Tax at 33 per cent. | |||||
| £ | £ | |||||
| Single allowance | … | … | … | … | 20·75 | 27·39 |
| Married allowance | … | … | … | … | 32·25 | 42·57 |
| Additional personal allowance | … | … | … | … | 11·75 | 15·51 |
| Age allowance:— | ||||||
| Single | … | … | … | … | 27·50 | 36·30 |
| Married | … | … | … | … | 43·75 | 57·75 |