§ Mr. Lewisasked the Chancellor of the Exchequer what the relative purchasing value of the salaries of Ministers of the Crown of £5,000 per annum would be if, in addition to the estimated purchasing value of £1,810 per annum today, without taking account of taxation, a recipient of this salary was liable for taxation at the normal rates of taxation on the basis of his being a single man, a married man, and a married man with one, two and three children, respectively, claiming the normal marriage and family reliefs.
§ Mr. P. ThorneycroftThe figures are as follows:
—— Net income after tax, 1937–38 Net income after tax, 1956–57 Equivalent purchasing power of 1956–57 net income, compared with 1937 £ £ £ Single man 3,536 2,673 968 Married, no children 3,556 2,716 983 Married, one child 3,571 2,758 998 Married, two children 3,586 2,801 1,014 Married, three children 3,601 2,843 1,029
§ Mr. Lewisasked the Chancellor of the Exchequer to publish in HANSARD a revised table of figures showing how the relative worth of the salaries of Ministers and junior Ministers in receipt of £3,000, 205W £2,000 and £1,500 would be amended from the figures of £1,086, £724 and £543, respectively, if allowance were made for the additional £500 of these Ministers' Parliamentary salaries at today's value of £310, after allowing for taxation at the normal rates, on the basis
—— Single Married Married, one child Married, two children Married, three children £ £ £ £ £ Ministerial salary £3,000* Net income after tax, 1937–38 … 2,311 2,331 2,346 2,361 2,376 Net income after tax, 1956–57 … 2,123 2,166 2,208 2,251 2,293 Purchasing power compared with 1937 … 768 784 799 815 830 Ministerial salary £2,000* Net income after tax, 1937–38 … 1,623 1,643 1,658 1,673 1,688 Net income after tax, 1956–57 … 1,698 1,741 1,783 1,826 1,868 Purchasing power compared with 1937 … 614 630 645 661 676 Ministerial salary £1,500* Net income after tax, 1937–38 … 1,248 1,268 1,283 1,298 1,313 Net income after tax, 1956–57 … 1,458 1,501 1,543 1,586 1,628 Purchasing power compared with 1937 … 528 543 559 574 589 * The figures for the net income after tax in 1956–57 and for the equivalent purchasing power allow for the £500 of Parliamentary salary in addition to the salary as a Minister. To maintain comparability it has been assumed that no deduction is claimed for expenses.