§ Mr. Campbell-Savours
asked the Chancellor of the Exchequer if he will list the powers of Her Majesty's Government to impose, directly or indirectly, conditions on loans made by British banks and licensed deposit-taking institutions to foreign borrowers.
Proportion of average earnings* Half £ per week Three quarters £ per week One £ per week One and a half £ per week Gross earnings in May 1978 45.50 68.25 91.00 136.50 Gross earnings in January 1983, with equivalent purchasing power after tax, NIC and child benefit Single person 80.20 117.70 155.10 231.20 Married man without children 81.40 118.90 156.30 232.30 Married man with two children under 11 79.80 117.70 155.10 231.20 * For full-time males.
The calculations assume that the taxpayer has no reliefs other than the appropriate personal allowances and that he or she is not contracted-out of the state—earnings-related—pension scheme.
§ Mr. Hannam
asked the Chancellor of the Exchequer what is the amount of income tax paid in (a) each of the last two financial years and the latest published estimate of the amount that will be paid in 1982–83 and (b) the financial years 1977–78 and 1978–79, in each case divided by the number of households in the United Kingdom.
§ Mr. Ridley
The information is as follows:
Net payment of income tax and surtax per household £ 1977–78 877 1978–79 933 1979–80 1,020 1980–81 1,191 1981–82 1,395 1982–83* 1,470 * Provisional.