§ Mr. Cormackasked the Chancellor of the Exchequer if he can now publish full details of the way in which value added tax will be levied on the sale of works of art and antiques.
(1) (2) (3) (4) (5) Total personal disposable income Personal disposable income at 1963 prices Total United Kingdom population Personal disposable income at 1963 pieces per head of total UK population Change in column (4) compared with pervious quarter £ million £ million thousands £ per cent. 1970 Q1 … 8,119 6,231 55,460 112 — Q2 … 8,439 6,385 55,490 115 +2.4 Q3 … 8,684 6,470 55,530 117 + 1.3 Q4 … 8,891 6,515 55,570 117 +0.6 1971 Q1 … 9,022 6,464 55,610 116 -0.9 Q2 … 9,274 6,483 55,650 117 + 0.2 Q3 … 9,584 6,592 55,690 118 + 1.6 Q4 … 9,833 6,728 55,730 121 + 2.0 1972 Q1 … 9,895 6,687 55,770 120 - 0.7 Q2 … 10,614 7,070 55,810 127 + 5.7 Notes:—
(1) The figures given of incomes (columns (1) and (2)) are seasonally adjusted.
(2) Column (3) rounded to nearest ten thousand.
(3) Column (4) rounded to nearest £.
(4) Columns (4) and (5) calculated from unrounded figures.
(5) Small fluctuations in the figures given in columns (4) and (5) cannot be regarded as significant and are especially liable to revision.
Sources:—
Columns 1 and 2: Economic Trends: October 1972.
Column 3: Interpolation of latest mid-year estimates of the Office of Population Censuses and Surveys.
496W
§ Mr. HigginsThe Treasurer order was laid yesterday.
§ Mr. Arthur Lewisasked the Chancellor of the Exchequer whether he will give the reason why manufacturers' agents do not qualify for exemption under Schedule 5 to the Finance Act 1972, in view of the fact that football pools agents and bookmakers agents are so exempt.
§ Mr. HigginsThe services of manufacturers' agents are not within the scope of any group in Schedule 5 of the Finance Act 1972, whereas football pool agents and bookmakers agents provide facilities for the Placing of bets and are, therefore, exempt under Group 4 of the Schedule.