HC Deb 07 February 1986 vol 91 c280W
Mr. Wrigglesworth

asked the Chancellor of the Exchequer what is his estimate of the level of income in current prices and expressed as a percentage of average earnings at which single people, married couples (both working) and married couples with two children pay less income tax and national insurance contributions than they did in 1978–79.

Mr. Moore

The table shows the ranges of earnings within which income tax plus national insurance contributions form a smaller proportion of gross earnings in 1985–86 than in 1978–79, assuming that earnings have risen in line with the national average.

At all income levels those whose earnings have risen in line with the national average have seen a real increase in their take home pay since 1978–79.

Mr. Ian Stewart

No guarantee relying on funds provided by Parliament was extended in the rescue of Johnson Matthey Bankers Ltd., nor at the present time is there any liability on the taxpayer under such a guarantee to rescue any other member of the London gold market or any member of any of the London financial markets.