Income Tax: Top Rate — Question

Part of the debate – in the House of Lords am 2:37 pm ar 16 Mawrth 2015.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Lord Newby Lord Newby Lords Spokesperson (HM Treasury) (Whip), Captain of the Queen's Bodyguard of the Yeomen of the Guard (HM Household) (Deputy Chief Whip, House of Lords) 2:37, 16 Mawrth 2015

No, my Lords, it does not. HRMC estimates that if you reduce the top tax rate from 45% to 40%, the likely cost to the Exchequer will be about £1 billion.