HC Deb 09 February 1979 vol 962 c329W
Mr. George Gardiner

asked the Chancellor of the Exchequer what a single man with total earnings of (a) £2,000, (b) £2,500 and (c) £3,000 in April 1975 would now have to earn in order to have maintained the real value of his take-home pay.

Mr. Robert Sheldon

On the assumption that the stated levels of earnings were received in the tax year 1975–76, the earnings required in 1978–79 would be £3,092, £3,870 and £4,648 respectively.

The increase in prices used in the calculations is that shown by the general index of retail prices—all items—between April 1975 and December 1978, the latest available.

The national insurance contributions used in the calculations are those for an employee not contracted out of the graduated or earnings-related pension schemes.

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