HC Deb 19 November 1957 vol 578 c17W
9. Mr. H. Wilson

asked the Chancellor of the Exchequer if he will propose to the United States of America, Germany and other countries concerned a conference to be held under the auspices of the economic provisions of the North Atlantic Treaty Organisation, or otherwise, to consider changes in the world economic situation including the shortage of world liquidity, the re-emergence of the dollar gap, the commodity recession, and deflationary tendencies in creditor countries and world trade.

1. Mr. P. Thorneycroft

Member nations of the North Atlantic Treaty Organisation have agreed that collaboration in economic

Year of Assessment Gross Income Net Income after Tax
Single Man Married Man and no child Married Man with one child Married Man with two children
£ s. £ s. £ s. £ s. £ s.
1938–39 179 8 175 16 179 8 179 8 179 8
1956–57 627 9 538 10 572 5 599 16 622 1

It has been assumed that all the income is earned.

2. The estimated numbers (counting a married couple as one unit) with incomes between £600 and £700 in 1956 was 2½ million, of whom—

Single about 400,000
Married without children about 1,000,000
Married with one child about 500,000
Married with two children about 400,000

About three quarters of these were wage earners.