§ Mr. Harry GreenwayTo ask the Chancellor of the Exchequer what is his current estimate of the prospects for the economy; and if he will make a statement.
§ Mr. AitkenThe latest forecasts available, published in last November's "Financial Statement and Budget Report", show continuing steady growth and low inflation. The economy is projected to grow by 3¼ per cent. in 1995.
Group of taxpayers1 Shares of total income tax liability Shares of gross incomes before tax Top 1 per cent. Top 5 per cent. Top 10 per cent. Top 1 per cent. Top 5 per cent. Top 10 per cent. 1978–79 11 24 35 5 15 24 1979–80 10 23 34 n/a n/a n/a 1980–81 11 24 35 n/a n/a n/a 1981–82 11 25 35 n/a n/a n/a 1982–83 12 25 36 n/a n/a n/a 1983–84 11 25 36 6 16 26 1984–85 12 26 38 6 17 26 1985–86 13 27 38 6 17 26 1986–87 14 29 39 6 17 27 1987–88 15 30 41 6 18 28 1988–89 15 31 42 7 18 28 1989–90 15 31 42 7 19 29 1990–91 15 32 42 8 19 29 1991–92 16 33 43 8 20 29 1992–93 16 33 44 8 19 29 1993–942 16 33 44 8 19 29 1994–952 16 33 44 8 20 29 1995–962 15 32 44 8 20 30 1 For years up to and including 1989–90 married couples are counted as one taxpayer and their incomes are combined. Following the introduction of independent taxation in 1990–91 husbands and wives are counted separately. 2 Provisional.