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Mr. Bernard Jenkin
To ask the Chancellor of the Exchequer if he will estimate what additional revenue in Scotland would be raised by a 1p in the pound increase in the rate of income tax at (a) the 20p lower rate, (b) the 23p basic rate and (c) the 40p top rate. [9114]
Dawn Primarolo
[holding answer 17 July 1997]: The latest estimates, which relate to 1995–96, are as follows:
Full year yield at 1995–96 income levels £ million | |
a. Increase lower rate by 1p | 60 |
b. Increase basic rate by 1p | 150 |
c. Increase higher rate by 1p | 30 |