HC Deb 02 April 1968 vol 762 cc49-50W
20. Mr. Gresham Cooke

asked the Chancellor of the Exchequer, what amount of Income Tax is paid on average industrial earnings as at October, 1967 by a man over 21 years of age with a wife and two children under 11 years of age not in receipt of any other allowances against tax; what is the additional Income Tax he would pay on additional overtime earnings of £2 a week; and what proportion of those additional earnings the additional tax would represent.

Mr. Harold Lever

Taking earnings for the year at the rate of 437s. 9d. a week (the average earnings for all manufac- turing industries at October, 1967) and assuming that family allowance of 8s. a week was paid for the whole of the year, the figures for 1967–68 are 35s. 8d. a week, 12s. 10d. and 32 per cent. respectively.