§
Mr. Meacher
asked the Chancellor of the Exchequer, regarding a married man with two children aged seven and 10 years living in a council house, paying an average rent, and earning a gross
NET INCOME OF A MARRIED MAN WITH TWO CHILDREN AGED 7 AND 10 WITH GROSS WEEKLY EARNINGS OF £18.00 |
£ per week |
|
1970 |
1971 |
1972 |
|
April |
October |
April |
October |
April |
October |
Earnings |
18 |
18 |
18 |
18 |
18 |
18 |
FAM |
.90 |
.90 |
.90 |
.90 |
.90 |
.90 |
FIS |
— |
— |
— |
.60 |
1.60 |
1.60 |
NI |
1.32 |
I .32 |
1.32 |
1.33 |
1.33 |
1.33 |
Tax |
.88 |
.88 |
.23 |
.23 |
— |
— |
Income net of tax and NI |
16.70 |
16.70 |
17.35 |
17.94 |
1917 |
1917 |
Net charge for school meals |
.68 |
.68 |
— |
— |
— |
— |
Rent |
2.17 |
2.17 |
2.20 |
2.20 |
3.00 |
3.50 |
Rates |
.72 |
.72 |
.76 |
.76 |
Rent and rate rebate |
— |
— |
— |
— |
— |
205 |
Net income |
13.13 |
13.13 |
14.39 |
14.98 |
16.17 |
17.72 |
Real net income |
13.13 |
12.77 |
13.15 |
13.32 |
13.90 |
14.61 |
Notes: |
1. The figures for rent and rates (including water rate) in 1970 are the average for a family of the prescribed size with an income between £10 and £20 a week; those for 1971 for a family with an income between £15 and £25 a week (the nearest range for which a figure is available). Figures for 1972 are not yet available; the figures of £3 a week and £3.50 a week for April and October are estimates, and reflect the introduction of the fair rents policy. |
2. Rate and rent rebates were only available on a very modest scale until the introduction of the national scheme in October 1972, and it would be misleading to make allowance for them before that date in the table. |
3. Working expenses of 60p a week are assumed throughout in determining entitlement to rent and rate rebates and free school meals. |
4. Real net income represents the net income figure converted into April 1970 prices by means of the retail price index. |