HC Deb 22 April 1986 vol 96 cc140-1W
Mr. Meacher

asked the Chancellor of the Exchequer what has been the gain from the 1p cut in the £ in income tax to a taxpayer with a wife and two children aged five and 11 years earning £5,000, £7,500, £10,000, £15,000, £20,000, £30,000, £50,000 and £100,000 per annum respectively.

Mr. Moore

[pursuant to his reply, 14 April 1986, c. 314]: Compared with statutory indexation of allowances and thresholds, the Budget proposals for income tax comprise a 1p reduction in the basic rate and lower threshold for tax rates above 40 per cent. The net effects of these proposals for a married man at the specified levels of earnings are shown below. It is assumed that the wife has no earnings and that no allowances and reliefs are available other than the married man's allowance.

Gains from Budget income tax proposals compared with indexation
Earnings £ per annum £ per annum £ per week As percentage of earnings
5,000 13.45 0.26 0.27
7,500 38.45 0.74 0.51
10,000 63.45 1.22 0.63
15,000 113.45 2.18 0.76
20,000 163.45 3.14 0.82
30,000 137.00 2.63 0.46
50,000 12.00 0.23 0.02
100,000 12.00 0.23 0.01

Mr. Michael Marshall

asked the Chancellor of the Exchequer what is the estimated effect of the reduction of 1p in the standard rate of income tax on the disposable income of state pensioners; and how many pensioners he estimates will be affected.

Mr. Moore

[pursuant to his reply, 8 April 1986, c. 92]: I regret that information in the form requested in not available for all state pensioners. However, in a full year, at 1986–87 income levels, taxpayers aged 65 and over will gain about £155 million form the Budget

Relative export unit values 1980=100
1973 Q1 1979 Q1 1985 Q3 Per cent, change 1973 Q1/1985 Q3 Per cent. Change 1979 Q1/1985 Q3
Belgium 97.4 100.2 86.4 -11 -14
Denmark 101.4 104.4 101.9 + ½ - 2
France 97.3 98.3 97.7 + ½ - 1
Germany 103.3 107.4 87.9 -15 -18
Greece n/a n/a n/a n/a n/a
Ireland n/a n/a n/a n/a n/a
Italy 101.5 91.3 93.9 - 7 + 3
Luxembourg n/a n/a n/a n/a n/a
Netherlands 94.0 93.2 95.4 + 1 + 2
United Kingdom 78.3 85.8 95.6 +22 +11
n/a=Not available.

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