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Written question asked by James Pawsey (Conservative), in the House of Commons. It was due for an answer on Thursday, 13 March 1997. It was answered by Michael Jack (Conservative) on Thursday, 13 March 1997 on behalf of the Treasury.


Treasury

Question
What is his policy on the basic rate of income tax. (Failed OPQ). - Inc figs.
Answer

Mr. Pawsey: To ask the Chancellor of the Exchequer what is his policy on the basic rate of income tax. [18545] Mr. Jack: It is our policy to reduce the basic rate of income tax to 20 per cent. when it is economically prudent to do so. The last Budget took another major step towards this goal by reducing the basic rate to 24 per cent.-- 10 per cent. lower than it was in 1978-79.


Secondary information

Type
Written question
Reference
292 c318W;292 c318-9W; 18545
Session
1996-97
Question not reached
Yes
Subjects
Income tax Tax rates and bands
Contains statistics
Yes