HC Deb 27 March 1962 vol 656 cc101-2W
45. Mr. A. Roberts

asked the Chancellor of the Exchequer what salary

Item Period covered Rise(+) or fall (-) per cent. Remarks
From To
Weekly wage rates July, 1961 February, 1962 + 1¾ Estimates of the total amount paid in wages are only available annually.
Company profits 2nd Quarter, 1961 3rd Quarter, 1961 - 3½ Seasonally adjusted.
Purchasing power of £ sterling. 18th July, 1961 13th February, 1962 - 2½ Based on the retail price index.
Retail price index 18th July, 1961 13th February, 1962 + 2½
Value of imports May-July, 1961 December, 1961–February, 1962 No change Based on averages of the seasonally adjusted figures for the months shown.
Value of exports May-July, 1961 December, 1961–February, 1962 - 1
Terms of trade July, 1961 February, 1962 - 1 A fall is favourable to the United Kingdom.
Employment July, 1961 January, 1962 - ½
Unemployment (wholly unemployed, excluding school leavers). 10th July, 1961 12th March, 1962 +67 The normal seasonal change accounts for more than half of this increase.
Central Government expenditure. 2nd Quarter, 1961 3rd Quarter, 1962 + 2½ Total current expenditure, including National Insurance benefits and other transfer payments.
NOTE: Figures for the 4th Quarter of 1961 for company profits and for Government expenditure will not be available until early in April. Estimates of income from rent and of dividend payments are only available annually. Some indication of the change in dividends, however, can be deduced from the accounts of public companies. Those companies which published their accounts in the period January to July, 1961, showed increases of about 12½ per cent. in ordinary dividends, compared with the previous year but for company accounts published from August to December, 1961. the increase was less than 5 per cent.

today would have the equivalent purchasing power of the salaries paid to Members of Parliament in 1912.

Sir E. Boyle

A salary of about £1,850.

Back to