§ Mr. Kinnockasked the Chancellor of the Exchequer what income net of tax would currently be required to equal the purchasing power of £5,000 at 1960 prices.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 24th February 1978; Vol. 944, c. 841], gave the following answer:
£19,100 in January 1978, the latest date for which information is available, on the assumption that £5,000 in 1960 is also net of tax.
§ Mr. Tebbitasked the Chancellor of the Exchequer if he will update the table given in the reply, Official Report, 30th November 1977, column 260, to the hon. Member for Blaby (Mr. Lawson), to show the latest available data in present price terms and value for money.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 28th February 1978; Vol. 945, c. 185], gave the following answer:
The updated figures for a married man with two children under 11 are as follows:
Lawson)—[Vol. 940, c. 259–60]—except that the figures now relate to December 1977 and have been rounded to the 431W nearest 10p. Figures up to and including March 1970 are for manual workers only; those for subsequent months are for workers in all occupations, manual and non-manual.