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Income Tax

Volume 203: debated on Tuesday 4 February 1992

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To ask the Chancellor of the Exchequer how much 1p on the basic rate of income tax would yield in 1992–93 in (a) England, (b) Scotland and (c) Wales.

Increasing the basic rate of income tax to 26 per cent. would yield about £1·95 billion, at 1992–93 levels of income. Separate information for England, Scotland, and Wales is not available.