§ Mr. Hordernasked the Chancellor of the Exchequer how long it would take for a married couple without children, with the husband on average earnings, to reach a taxable figure of £5,000 if his earnings increased at the same rate as the average rate of increase since February 1974.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 22nd March 1977; Vol. 928, c. 529], gave the following information:
On the basis of 1976–77 tax rates and allowances and assuming that average earnings increase from month to month at a constant rate equivalent to the average rate of increase since February 1974, a taxable income of £5,000 would be reached in April 1979.