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Mr. Corbyn
To ask the Chancellor of the Exchequer how much revenue would be raised by limiting all tax relief to the basic rate of tax. [32531]
Mr. Jack
[holding answer 5 July 1995]: Based on a projection of the 1993–94 "Survey of Personal Incomes" and other survey data in line with assumptions in the summer economic forecast, the estimated full year yield at 1995–96 income levels would be about £890 million.