§ Mr. Wakehamasked the Chancellor of the Exchequer what would be the approximate amount of the child relief for 1976–77 if the different reliefs were unified at no cost to the revenue.
Amount of investment Gross earnings Gross investment income Net investment income* Net rate of return on capital Effective real rate of return, allowing for inflation in year ending £ £ £ £ Per cent. June 1974 Per cent. June 1975 Per cent. June 1976† Per cent. 1,000 3,000 200 130 13.0 -3.5 -13.1 -0.2 1,000 5,000 200 130 13.0 -3.5 -13.1 -0.2 1,000 10,000 200 89.25 8.9 -7.6 -17.2 -4.3 10,000 3,000 2,000 1,200 12.0 -4.5 -14.1 -1.2 10,000 5,000 2,000 1,177.75 11.8 -4.7 -14.3 -1.4 10,000 10,000 2,000 693.50 6.9 -9.6 -19.2 -6.3 100,000 3,000 20,000 5,068.80 5.1 -11.4 -21.0 -8.1 100,000 5,000 20,000 4,108-80 4-1 -12.4 -22.0 -9.1 100,000 10,000 20,000 2,146.80 2.1 -14.4 -24.0 -11.1 * Assuming investment income is top slice of total income. † 11 months only as Retail Price Index for May 1976 is latest available. Notes:
1. Although the figure shown for gross earnings does not include family allowance, the tax on the family allowance, and "clawback" have been taken into account where appropriate in the calculations.
2. The price index used is the General Index of Retail Prices—All Items.