HC Deb 06 April 1970 vol 799 c16W
Mr. Grieve

asked the Chancellor of the Exchequer what income is necessary today for a married man with two dependent children to produce the equivalent purchasing power, after tax, of an income in 1939 of £500, £1,000, £2,000, £3,000, £5,000, £7,000, and £10,000 a year, respectively, on the basis in each case that the income is wholly earned, wholly investment, and half earned and half investment, respectively.

Mr. Taverne

The figures for a married couple with two children under 11 are approximately as follows:

Income 1969–70 if
Income 1939 Income all earned Income all from investment Income half earned and half from investment
£ £ £ £
500 2,450 2,700 2,570
1,000 4,620 5,990 5,250
2,000 10,400 24,800 11,200
3,000 26,400 49,300 26,400
5,000 68,000 90,900 68,000
7,000 102,000 125,000 102,000
10,000 146,000 169,000 146,000