HC Deb 21 November 1972 vol 846 c337W
70. Mr. Redmond

asked the Chancellor of the Exchequer if he will instruct the, Inland Revenue to cease issuing surtax directions to close companies in order to restrain dividend increases in line with the Counter-Inflation (Temporary Provisions) Bill.

Mr. Nott

No. Close companies will be exempted from dividend restraint only in so far as dividends have to be paid to avoid a shortfall assessment. They do not have freedom to increase their

Weekly wage £35 £40
A B A B
Married man, no children 26.66 22.45 29.82 22.40
Married man, 1 child under 11 27.86 25.55 31.17 25.60
Married man, 2 children under 11 29.36 28.30 32.67 28.25
Married man, 3 children under 11 30.86 31.00 34.12 30.95
Married man, 4 children under 11 32.41 33.55 35.72 33.50
Column A shows the man's take home pay when at work for week 40 of the tax year.
Column B shows his total income from unemployment benefit including earnings-related supplement and income 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, where appropriate, and the National Insurance, including earnings-related supplement, contributions.

The take-home pay when out of work exceeds the take-home pay when at work only in the cases of a married man with either three or four children earning £35 per week and the maximum number of weeks for which this can happen is 16 and 14, respectively.