Post-War Credits

HC Deb 06 December 1955 vol 547 cc27-9W

18. Brigadier Clarke

asked the Chancellor of the Exchequer if he will consider making an early payment of post-

net purchasing value basing the £ sterling at 20s. in 1913–14.

Mr. R. A. Butler

The increase in net income is £375, which would have approximately the same purchasing power at current prices as £95 at 1914 prices. This figure is based on the Cost of Living Index for the period 1914–38 and on the Consumer Price Index from 1938 to 1954, brought up to date by the Interim Index of Retail Prices.

Colonel Stoddart-Scott

asked the Chancellor of the Exchequer the amount of net income retained by a married man, after payment of Income Tax and Surtax, on earnings of £1,000, £2,000, £5,000, £6,000, £7,500, £10,000, £20,000, £50,000, and £100,000, respectively, in the years 1913–14, 1938–39, 1944–45 and 1954–55; and what was the purchasing value of such net income basing the £ sterling at 20s. in 1913–14.

Mr. R. A. Butler

The table attached shows the net income after Income Tax and Surtax (or super-tax for 1913–14) retained by a married man, without children, with a gross earned income of the amount shown in the first column, and also the net income required to give the same purchasing power at 1914 prices.

war credits to those people who are blind.

Mr. R. A. Butler

I regret that I cannot accept this suggestion.

31. Mr. C. Hughes

asked the Chancellor of the Exchequer if he will consider paying out post-war credits to widows who are over 50 years of age.

Mr. R. A. Butler

I regret that I cannot accept this suggestion.

Mr. F. Noel-Baker

asked the Chancellor of the Exchequer when he proposes to answer the letter, dated 31st October, from the hon. Member for Swindon about the post-war credit certificates of Mr. T. H. Martin, 74. Avenue Road, Swindon.

Mr. R. A. Butler

I have ascertained that a reply was sent yesterday to the hon. Member.