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Mr. Battle
To ask the Chancellor of the Exchequer what would be the revenue raised from a 9 per cent. charge on unearned income for those below state retirement age with a (a) £3,000 exemption, (b) £3,500 exemption, (c) £4,000 exemption, (d) £4,500 exemption and (e) £5,000 exemption, giving both full year and first year revenues for 1991–92 and 1992–93, specifying the numbers affected in each case, for the United Kingdom.
Mr. Maude
[holding answer 9 March 1992]: Latest estimates for 1991–92 are as follows:
Threshold £ | Yield in a full year £ million | Numbers affected Thousands |
3,000 | 870 | 1,130 |
3,500 | 820 | 970 |
4,000 | 780 | 840 |
4,500 | 750 | 750 |
5,000 | 720 | 660 |