§ 113. Mr. Alisonasked the Chancellor of the Exchequer how much a single man, and a married man with one, two or three children under 11 years, needed to earn in February, 1970 to offset the increase in the cost of living compared with men in similar circumstances earning, respectively, £500, £800, £1,000, £1,500, £2,000, and £3,000 a year in 1964, taking into account changes in the internal purchasing power of the £ sterling, income tax, surtax and family allowances.
§ Mr. TaverneThe following are the figures:
Italy, Sweden, the United States of America and the United Kingdom.
§ Mr. TaverneThe following figures are based on "National Accounts of O.E.C.D. countries, 1958–67" and the latest United Kingdom return to the O.E.C.D. Disposable income and saving 363W are after provision for depreciation and stock appreciation; disposable income includes current transfers to government and the rest of the world.
Saving of households and private non-profit institutions as a percentage of disposable income, 1958 to 1967 Japan … 18.0 France* … 8.6 West Germany … 13.2 Italy … 15.0† Sweden‡ … 10.7 United States of America§ … 6.1 United Kingdom … 5.2 * Current transfers to government are included net in disposable income. † Average for 1961 to 1967; figures for earlier years are not given. ‡ Before deduction of depreciation of independent traders. § Disposable income includes capital transfers to the rest of the world.