HC Deb 26 April 1955 vol 540 c41W
3. Mr. Lewis

asked the Chancellor of the Exchequer the annual net saving in Income Tax resulting from his Budget proposals in 1952, 1953, 1954 and 1955, for a married couple with two children in the income groups,£400,£500,£5,000,

1952 Budget 1953 Budget 1955 Budget
Gross earned income Tax reduction Percentage of net income Tax reduction Percentage of net income Tax reduction Percentage of net income
£ s. d. Percentage £ s. d. Percentage £ s. d. Percentage
£500 … … 11 13 4 2. 40 4 6 . 05 1 2 2 . 22
£5,000 … … 68 15 0 2. 73 104 5 0 4. 03 112 5 0 4. 18
£10,000 … … 68 15 0 1. 98 229 5 0 6. 49 237 5 0 6. 30
£20,000 … … 68 15 0 1. 74 479 5 0 11. 95 487 5 0 10. 86
NOTES: (1) An earned income of£400 paid no tax throughout this period.
(2) No changes in personal taxation were made in the 1954 Budget.

Mr. Hamilton

asked the Chancellor of the Exchequer how much Income Tax was being paid by the 2,400,000 who will now be relieved of such payment.

Mr. R. A. Butler:

I would refer the hon. Member to the reply I have given today to similar Questions by the hon. Members for Jarrow (Mr. Fernyhough) and Stockton-on-Tees (Mr. Chetwynd).

Mr. Hamilton

asked the Chancellor of the Exchequer how many people are currently paying Income Tax at the standard rate; and what will be their total relief consequent on the Budget proposals.

Mr. R. A. Butler:

The answer to the first part of the Question is about 2 million, and to the second,£48 million.