§ Mr. Speedasked the Chancellor of the Exchequer what would the current salary of a Member of Parliament have to be
152Wapplicable, at current prices and at 1976 prices in 1946, 1956, 1966, 1968, 1974, 1975 and 1976.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 8th November 1976], circulated the following answer:
The information is as follows:—
to preserve the purchasing power of £4,500 in January 1972.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 8th November 1976], circulated the following answer:
Assuming constant gross purchasing power, £8,700. For a married man with no other sources of income and with two children under the age of 11, the gross salary now required to maintain net purchasing power would be £10,100. If he had no children the gross salary required would be £10,400.