§ Mr. Ralph Howellasked the Chancellor of the Exchequer if he will publish tables comparing the total annual net gain for single people, married couples and married couples with each of one, two, three and four dependent children as a result of his proposed tax changes, the new increased rates of National Insurance contribution, and the April 1978 rates of child benefit, assuming annual incomes of £1,000, £1,500, £2,000, £2,500, £3,000, £3,500, £4,000, £5,000, £6,000, £7,000, £8,000, £9,000, £10,000, £12,000 and £15,000, and national insurance contribution at the rates for persons not contracted out of the new pension scheme.
§ Mr. Robert SheldonThe figures are as follows:
671W
§ Mr. Lamontasked the Chancellor of the Exchequer (1) what increase in real personal disposable income in 1978 is consistent with the forecast in the latest Financial Statement and Budget Report;
(2) what increase in real take-home pay in 1978–79 is consistent with the forecast in the latest Financial Statement and Budget Report.
§ Mr. Joel Barnett, pursuant to his reply [Official Report, 26th April 1978], gave the following information:
As noted on page 12 of the Financial Statement and Budget Report, real personal disposable incomes in the middle two quarters of 1978 are expected to be over 7 per cent. higher than a year earlier. Very substantial, but somewhat smaller, increases over a year earlier are expected in real personal disposable incomes for 1978 as a whole and in real take-home pay for 1978–79.