David Gauke: The cost to the Exchequer of reintroducing an income tax rate of 10p on all earnings in the same band as the starting rate for savings is estimated to be around £8.0 billion in 2015-16. This estimate is based on the 2010-11 Survey of Personal Incomes, projected to 2015-16 using economic assumptions consistent with the Office for Budget Responsibility's March 2013 economic and fiscal outlook.
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