§ Mr. Hamiltonasked the Chancellor of the Exchequer the estimated number of working people with weekly incomes of £5 or less, between £5 and £10, between £10 and £15, between £15 and £20, and over £20, respectively, after the deduction of tax and insurance contributions.
§ Mr. R. A. ButlerThe table below gives the estimated distribution of net incomes, after tax, for 1953.
Range of net annual income. Number of persons (millions). Under £250 … … 8.6 £250—£499 … … 10.0 £500—£749 … … 4.9 £750—£999 … … 1.1 £1,000 and over … … 0.7 (1) The figures refer to all incomes, whether earned or investment. Separate figures for earned income are not available.
(2) The group with net incomes below £250 consists mainly of pensioners and juveniles.
(3) The deduction for national insurance contributions has been limited to that part of the contribution which qualifies for income tax relief.