To ask the Chancellor of the Exchequer if he will publish a table showing the yield from income tax against the basic rate for each year from 1985–86 to 1990–91.
The information is in the table:
Total tax liability
At the basic rate
At the higher rate
Of which excess over the basic rate
1 Latest estimate based on a projection of the 1989–90 Survey of Personal Incomes.
To ask the Chancellor of the Exchequer (1) what would be the reduction in disposable income in an average size constituency in (a) England, (b) Scotland, (c) Wales and (d) the United Kingdom, assuming average levels of income from savings and employment as a result of (i) introducing a 9 per cent. surcharge tax on (ii) all savings and (iii) savings over £30,000 and (iv) increasing the top rate of income tax to 50 per cent;(2) what would be the increase in disposable income in an average size constituency in
(a) England, (b) Scotland, (c) Wales and (d) the United Kingdom, assuming average levels of income from savings and employment as a result of (i) increasing all tax allowances by the rate of inflation and (ii) reducing the rate of income tax by 1p.
Available estimates at 1991–92 levels of income, which exclude any behavioural effects which might result, are given in the table. I regret that separate data for England, Scotland and Wales are not available.
|Total change in disposable income in United Kingdom (£ billion)||Average change per constituency1 (£ million)|
|9 per cent. surcharge on all investment income||-2·6||-3·9|
|9 per cent, surcharge on income from savings of over £30,000||-1·3||-2·0|
|Increase in higher rate of tax to 50 per cent.||-3·3||-5·0|
|Increase in all income tax allowances and thresholds by 4·5 per cent.||+ 1·5||+ 2·3|
|Reduction of lp in basic rate||+ 1·9||+ 3·0|
|1 Column 1 divided 650— the number of parliamentary constituencies.|