§ 39. Mr. Peter Reesasked the Chancellor of the Exchequer what proportion of total personal income was taken in the years of assessment 1951, 1964, 1970, 318W needed to earn in June, 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 October, 1964, taking into account changes in the internal purchasing power of the £ sterling, income tax, surtax and family allowances.
§ Mr. Patrick JenkinThe following is the information:
The figures are:
and, as far as can be estimated, 1971, respectively, using seasonally adjusted figures where necessary, by direct personal taxation, and by direct personal taxation combined with employees' National Insurance, etc., contributions.
§ Mr. HigginsI cannot make an estimate for 1971. Following is the information for the other years:
Percentage of total personal income* 1951 1964 1970 Taxes on income paid by personal sector 9.7 10.1 14.0 Taxes on income plus national insurance, etc. contributions paid by insured persons† 11.8 12.9 17.0 * The figures are based on data from the National Income Blue Book, 1970 and the White Paper "Preliminary Estimates of National Income and Balance of Payments, 1965 to 1970 "published on 25th March and follow the definitions used in those documents. Figures for 1971 are not available. † Including contributions paid by self-employed and non-employed persons.