§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer what is his estimate of the cost to the Exchequer in 1983–84 of replacing the wife's earnings allowance and separate earnings assessment by a new earnings allowance of £1,000 plus 10 per cent. of the wife's earnings.
§ Mr. Ridley
This complex proposal cannot be costed precisely, but it is thought that overall there would be a net yield—not cost—of the order of £500 million in a full year. This takes no account of the cost to the Inland Revenue or employers of administering such a system.