Skip to main content

Unemployment Benefits

Volume 19: debated on Monday 1 March 1982

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer what is his most recent estimate of the extra revenue that will be raised by the taxation of benefits for the unemployed: (a) in 1982–83 and (b) in a full tax year, assuming that personal tax allowances are raised in line with inflation and that tax rates remain unchanged.

[pursuant to his reply 22 February 1982, c. 286]: At 1981–82 levels of unemployment, income and benefits and under the income tax assumptions specified, the estimated yield would be (a) of the order of £300 million (assuming that benefits are brought into tax on 5 July 1982) and (b) of the order of £525 million in a full year.These figures are based on recently revised information on these benefits in 1981–82. On the same basis, the figures of £300 million and £475 million given on 25 January to my hon. Friend the Member for Rugby (Mr. Pawsey) would be revised to £325 million and £550 million respectively.—[Vol. 17, c.