asked the Chancellor of the Exchequer if he will estimate the level of single transferable tax allowance which could be funded in 1985–86 on a revenue neutral basis, assuming separate taxation of investment as well as earned income, abolition of wife's earned income allowance, of the age allowance and of the additional person allowance, and that the category B wife's pension would be taxed as belonging to the wife.

The resulting fully transferable personal allowance would be about £2,260.