§ Mr. Ralph Howellasked the Chancellor of the Exchequer what is the total net weekly income of a man with a wife and two children under 11 years of age, assuming a weekly wage of £15, £20, £25 and £30, respectively, and that the previous year's pay was at the same rates, allowing for relevant tax repayments and any welfare benefits in the following circumstances, for a week's work after 39 weeks at the appropriate rate and when unemployed after 39 weeks' employment and when qualifying for earnings-related supplement; and how these figures compare with those for the year 1971–72.
118W
§ Mr. NottThe figures are:
Weekly 1972–73 1971–72 Wage A B A B £ £ £ £ £15 … 14.72 15.10 14.72 14.43 F.I.S. … 3.10 3.10 2.10 2.10 17.82 18.20 16.82 16.53 £20 … 19.47 18.75 18.53 22.50 F.I.S. … 0.60 0.60 — — 20.07 19.35 18.53 22.50 £25 … 22.89 26.90 21.87 24.20 £30 … 26.15 28.30 25.10 25.55 Notes
Column A shows the man's net weekly income when at work for week 40 of the tax year.
Column B shows his total income from unemployment benefit (including Earnings Related Supplement) and (where appropriate) tax refunds for week 42 on the assumption that that is his third consecutive week of unemployment
The figures take account of the family allowances and the National Insurance (including graduated pension) contributions but they do not include any supplementary benefit that might be receivable during unemployment.
Family Income Supplement payments (F.I.S.) are shown separately. They appear under Column B as well as Column A because a man who becomes entitled to F.I.S. will receive it for the period of the award regardless of whether he becomes unemployed during that period.
§ Mr. William Hamiltonasked the Chancellor of the Exchequer what is his estimate of the taxable income, unearned and earned, respectively, required to produce a net annual income of £100,000, £150,000, and £200,000, assuming the taxpayer is a single man; and what are the comparable figures for a married man with no children and whose wife is not working.
§ Mr. NottThe figures are:
Gross Income Net Earned Income Earned Investment Single Married Single Married £ £ £ £ £ 100,000 388,916 388,410 851,416 850,311 150,000 592,479 591,973 1,295,860 1,294,756 200,000 796,041 795,535 1,740,304 1,739,200