HC Deb 28 April 1970 vol 800 c288W
85. Mr. Onslow

asked the Chancellor of the Exchequer what has been the change in real net income of a married man with two children under 11 years of age who was earning £1,000 per annum in 1964 and who had received, by 15th April, 1970, pay increases totalling 33 per cent.

Mr. Taverne

On the assumption of pay increases of 33 per cent., a fall of about 3½ per cent, after taking account of income tax and National Insurance contributions for a non-contracted out employee. Taking, however, the estimated average increase in earnings over the period, there would be an increase of 2.3 per cent, in real net income.