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Income Tax

Volume 124: debated on Monday 7 December 1987

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To ask the Chancellor of the Exchequer if he will give his latest estimate of the revenue yield from an increase in the rate of income tax of 1p taking into account current economic growth and unemployment figures.

The estimated direct revenue effect would be about £1·25 billion in 1988–89 and £1·60 billion in 1989–90, as published in table 4·5 of the Autumn Statement 1987.