HC Deb 21 December 1966 vol 738 cc360-1W
Sir N. Cooper-Key

asked the Chancellor of the Exchequer if he will give the comparative sums of invested capital yielding 5 per cent. per annum which would be required to produce net expendable incomes of £1,000 and £2,000 with relative purchasing power exclusive of pension or earnings for a married man of pensionable age without dependent children in 1963 and 1967.

Mr. Diamond

£27,800 and £64,980 for 1962–63 and £32,480 and £80,420 for 1966–67 would be required to produce net incomes with the 1962–63 purchasing power of £1,000 and £2,000 respectively. In making this calculation the figures used for the purchasing power of the £ were the average for the year 1962–63 and the figure for November, 1966, which is the latest available.