Retirement Pensioners

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th March 1965.

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Photo of Mr Neil McBride Mr Neil McBride , Swansea East 12:00 am, 9th March 1965

asked the Chancellor of the Exchequer what would be the total cost, in a full year, of granting complete remission of income tax to all retirement pensioners; and if he will make a statement.

Photo of Mr Niall MacDermot Mr Niall MacDermot , Derby North

About £230 million. My right hon. Friend could not accept this proposal which would give no benefit to those most in need.