HC Deb 24 March 1970 vol 798 cc361-2W
111. Mr. Ridley

asked the Chancellor of the Exchequer what, taking into account the decline in the value of the £ sterling between the financial year 1964–65 and the financial year 1969–70, is

Required earnings in February, 1970 (annual rate)
Annual Earnings 1964 Single persons Married couple 1 child under 11 Married couple 2 children under 11 Married couple 3 children under 11
£ £ £ £ £
500 … … … … 656 630 610 591
800 … … … … 1,066 1,071 1,067 1,045
1000 … … … … 1,326 1,352 1,358 1,363
1,500 … … … … 1,974 2,000 2,019 2,039
2000 … … … … 2,623 2,649 2,667 2,687
3000 … … … … 3,919 3,946 3,964 3,990

119. Mr. Hordern

asked the Chancellor of the Exchequer what was the proportion of personal disposable income saved in the period from 1958 to the latest year which can be measured from international sources available to him, calculated on a comparable basis in respect of Japan, France, West Germany, the real value of the single personal and the married personal allowance against income tax in 1964–65 and 1969–70, at 1969–70 price levels, taking account of the change in the law as respects the allowance of National Insurance contributions against income tax.

Mr. Taverne

The figures are as follows:

1964–65 1969–70
£ £
Single man … … 275 255
Married man … … 425 375

The 1964–65 figures take account of the tax allowance due in respect of National Insurance contributions paid by an adult male employee. For persons in other National Insurance categories, the figure will vary slightly.