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Mr. Swinney: To ask the Chancellor of the Exchequer if he will estimate the annual yield to the Treasury of increasing the top rate of income tax to (a) 95p and (b) 50p for those earning over (i) £60,000, (ii) £75,000 and (iii) £100,000 per annum in (A) the UK and (B) Scotland, indicating the number of people who will be affected in each case. 
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|Change in 2001-02||Income tax yield (£ billion)||Number of people affected (thousand)|
|(aiA) 45% rate for people with taxable incomes over £60,000 in the UK||2.6||650|
|(aiiA) 45% rate for people with taxable incomes over £75,000 in the UK||2.2||420|
|(aiiiA) 45% rate for people with taxable incomes over £100,000 in the UK||1.7||240|
|(aiB) 45% rate for people with taxable incomes over £60,000 in the Scotland||0.12||40|
|(aiiB) 45% rate for people with taxable incomes over £75,000 in the Scotland||0.10||20|
|(aiiiB) 45% rate for people with taxable incomes over £100,000 in the Scotland||0.08||10|
|(biA) 50% rate for people with taxable incomes over £60,000 in the UK||4.8||650|
|(biiA) 50% rate for people with taxable incomes over £75,000 in the UK||4.0||420|
|(biiiA) 50% rate for people with taxable incomes over £100,000 in the UK||3.2||240|
|(biB) 50% rate for people with taxable incomes over £60,000 in the Scotland||0.22||40|
|(biiB) 50% rate for people with taxable incomes over £75,000 in the Scotland||0.17||20|
|(biiiB) 50% rate for people with taxable incomes over £100,000 in the Scotland||0.13||10|
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and (b) Wales in each of the past 15 years; and what the percentage change was in each year. 
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|Thousand and per cent. (not seasonally adjusted)|
|Number of people in employment||Percentage change||Number of people in employment||Percentage change|
ONS Labour Force Survey
Miss Melanie Johnson: I refer my hon. Friend to the answer given to my hon. Friend the Member for Harrow, West (Mr. Thomas) by my right hon. Friend the Chief Secretary to the Treasury on 25 January 2001, Official Report, column 1068.
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Miss Melanie Johnson: We have today laid the Financial Markets and Insolvency (Settlement Finality) (Amendment) Regulations 2001. These Regulations specify that the law which governs the proprietary rights of a person to securities is to be the law of the state where the relevant register, account or centralised deposit system is located. This change will facilitate resolution of disputes concerning ownership of such securities.
Barbara Follett: To ask the Chancellor of the Exchequer what plans he has to simplify the administration of the tax rules applying to occupational pension schemes; and if he will make a statement. 
Miss Melanie Johnson: An Inland Revenue sponsored team will be reviewing the tax approval arrangements applying to defined benefit pension schemes with the aim of developing a package of practical options for administrative simplification. The team will not be considering options for changing the underlying tax or benefit structures. The team will consist of Inland Revenue officials and secondees from the pensions industry. The review is due to be completed by February 2003.
Mr. Gerrard: To ask the Chancellor of the Exchequer if he will set out, including statistical information relating as directly as possible to the constituency, the effect on the Walthamstow constituency of his Department's policies and actions since 2 May 1997. 
Miss Melanie Johnson: Walthamstow, along with the rest of the United Kingdom, is benefiting from the long-term action we have taken to build economic stability and secure high and stable levels of growth and employment. Since the General Election, claimant unemployment in the constituency has fallen by 1,864, or 41 per cent., youth unemployment is down by 83 per cent. and long-term unemployment has fallen by 70 per cent.
Macroeconomic stability is being complemented at the microeconomic level by the Government's policies to ease the transition from welfare into work and to make work pay. To the end of December 2000, the New Deal for 18-24 year olds had helped 1,475 young people in Walthamstow constituency gain valuable skills and experience 585 (40 per cent.) of whom had moved into employment. The Working Families Tax Credit (WFTC), introduced in October 1999, is helping to make work pay for low and middle-income families. In August 2000, 1,300 families in Walthamstow constituency were benefiting from WFTC.
The Government are also committed to policies which enable pensioners to share in the country's rising prosperity. All pensioners, including 11,000 in Walthamstow constituency, will receive an above- inflation increase in the basic state pension from April 2001. Single pensioners will receive an extra £5 a week,
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