HC Deb 16 July 1973 vol 860 cc45-7W
Mr. Meacher

asked the Chancellor of the Exchequer what has been the percentage quarterly change, on the basis of a three-quarter moving average in real personal disposable income since January 1960.

Mr. Nott

Estimates are set out in the following table:

Quarterly changes in real personal disposable income on the basis of a three-quarter moving average
Per cent.
1960 Q1 +1.7
Q2 +1.7
Q3 +2.0
Q4 +1.2
1961 Ql +1.4
Q2 +0.4
Q3 +0.3
Q4 +0.4
1962 Ql +0.1
Q2 +0.3
Q3 +1.0
Q4 +0.9
1963 Ql +1.1
Q2 +1.3
Q3 +1.5
Q4 +1.2
1964 Ql +0.6
Q2 +0.8
Q3 +0.9
Q4 +0.7
1965 Ql +0.2
Q2 +0.4
Q3 +0.8
Q4 +2.2
1966 Ql +0.3
Q2 −0.3
Q3 −1.4
Q4 −0.3
1967 Ql +1.0
Q2 +1.8
Q3 +1.3
Q4 +0.9
1968 Ql −0.4
Q2 +0.4
Q3 −0.1
Q4 +0.6
1969 Ql −0.1
Q2 +0.2
Q3 +0.1
Q4 +0.4
1970 Ql +1.1
Q2 +1.5
Q3 +1.7
Q4 +0.3
1971 Ql +0.2
Q2 +0.7
Q3 +1.6
Q4 +1.1
1972 Ql +2.6
Q2 +1.6
Q3 +2.5
Q4 +0.6

NOTE. The figures are based on a three-quarter moving average of seasonally adjusted national accounts estimates of real personal disposable income.

Mr. Meacher

asked the Chancellor of the Exchequer how many persons at the latest available estimates are estimated to have an annual income, respectively, under £1,400, between £1,400-£2,800, between £2,800-£7,000, and over £7,000; and in each of these income categories how many have income, respectively, wholly earned, partially earned and partially unearned, and wholly unearned.

Range of total net income
Lower limit £ Upper limit £ Total numbers* (millions) Numbers with incomes wholly earned* (millions) Numbers with incomes partly earned* (millions) Numbers with incomes wholly from investments (000's)
595 … 1,400 … … 6½ 5 1½ 40
1,400 … 2,800 … … 10¼ 8¼ 2 25
2,800 … 7,000 … … 4¼ 3 1¼ 35
Over 7,000 … … … … ¼ .04 .15 10
* Married couples are counted as one.