§ Mr. Bruce-Gardyne
asked the Chancellor of the Exchequer what is his latest estimate of the tax revenue to be derived from the taxation of sickness, unemployment and supplementary benefits at present exempt from tax; and what adjustment in the standard rate of income tax will be required to offset the extension of taxation to such benefits.74W
§ Mr. Patrick Jenkin
For sickness and unemployment benefit, about £150 million for the full year, equivalent to nearly 3d. off the standard rate. I cannot make an estimate for supplementary benefits but the yield is unlikely to be large.