§ Mr, Michael Lathamasked the Chancellor of the Exchequer whether he will
Tax in year £ Tax as a percentage of income before tax Per cent. Tax as a percentage of income after tax Per cent. Percentage fall in real net income received in January of each year (since January 1970) Per cent. 1969–70 … … 432.60 22 29 — 1970–71 … … 424.30 22 28 7 1971–72 … … 422.20 21 27 9 1972–73 … … 371.80 18 22 10 1973–74 … … 412.40 19 24 17 1974–75 … … 484.10 21 26 27 1975–76 … … 411.80 16 19 30 1976–77 … … 426.40 15 18 35 1977–78 … … 271.40 9 10 33 It has been assumed that the wife is entitled to the national insurance retirement pension by virtue of her husband's national insurance contributions.
The prices index used is the general index of retail prices—all items. Movements are between the figures for January each year since the figure for January 1978 is the latest available.
§ Mr. Adleyasked the Chancellor of the Exchequer what at the latest convenient date was the level of taxation of a retired couple with a total investment income of
44Wpublish in the Official Report a copy of the letter from the Minister of State to the hon. Member for Melton on 8th March regarding incorrect figures on development land tax published in the Minister's reply to the hon. Member, Official Report 2nd March, column 351; and whether, in view of the statement in the Minister's letter that there was a misprint in the Official Report, he will confirm that the incorrect figure was also contained in the typewritten answer distributed to the hon. Member and the Press on 2nd March.
§ Mr. Denzil DaviesI shall let the hon. Member have a reply as soon as possible.