§ 29. Mr. Arthur Lewisasked the Chancellor of the Exchequer to what extent a Member of Parliament with an outside income of £20,000 per annum, £30,000 per annum, and £40,000 per annum, respectively, in addition to his normal parliamentary salary of £1,750 per annum, would have to pay tax on the gross amount of £1,750 per annum, assuming the normal allowance for marriage allowance; and how much gross and net would be left to the Treasury if such a Member declined to draw his salary of £1,750 per annum in such circumstances.
§ Mr. DiamondIf the outside income were all earned, the extra tax at the current rates of tax on the top slice of £1,750 would be £1,553 2s. 6d. in each case and if all from investments, £1,207 19s. 8d. The gross saving to the Exchequer would therefore be £1,750 and the net saving either £196 17s. 6d. if the outside income is all earned, or £542 0s. 4d. if all from investments.
§ 30. Mr. Arthur Lewisasked the Chancellor of the Exchequer whether, without divulging the names, he will publish in HANSARD a detailed list giving the number of Members of Parliament who have not drawn their parliamentary salaries, either wholly or in part, since October, 1951, until the latest date; and how many have notified him or the Department concerned of their desire not to draw the increase recently agreed by the House of Commons.
3W
§ Mr. DiamondThe following is the information:
Date Number of Members not drawing full salary 1st October, 1951 6 1st October, 1952 5 1st October, 1953 4 1st October, 1954 2 1st October, 1955 2 1st October, 1956 2 1st October, 1957 16 1st October, 1958 16 1st October, 1959 4 1st October, 1960 4 1st October, 1961 4 1st October, 1962 2 1st October, 1963 2 23rd September, 1964 1 New Parliament (as at 18th January, 1965) 4* *Two draw £1,750 or less.