§ Mr. Ralph Howellasked the Chancellor of the Exchequer if he will publish a table showing the annual percentage 349W increase in real net income from October 1964 to June 1970, and from June 1970 to the latest available date, of a family with two young children with earnings in 1970 of £15, £20, £50, £100 and £200 per week, and at the national average.
NET INCOME OF A FAMILY WITH TWO CHILDREN (AGED 6 AND 10 YEARS) October 1964 £ per week June 1970 February 1973 Anual percentage in real terms Earnings Net Income Earnings Net Income Earnings Net Income 1964–70 1970–73 10.09 9.86 15 14.72 20.38 20.18 +2.5 +4.1 13.46 12.55 20 17.11 27.17 23.11 + 0.9 + 3.5 18.11 16.18 26.91 21.62 36.56 29.24 + 0.6 + 3.5 33.65 27.24 50 37.18 67.93 50.61 + 0.9 + 3.8 67.30 50.75 100 70.04 135.86 94.06 +1.1 +3.3 134.60 91.68 200 114.59 271.72 150.41 –0.7 + 2.4 Notes: 1. The third line in the table shows average earnings of male manual workers in industry: the figures for June 1970 and February 1973 are estimates made by adjusting the actual figures for October 1970 and October 1972 by means of the monthly inquiry index of average earnings. The same percentage increase as has taken place in average earnings has been applied at all income levels. 2. Net Income is obtained by adjusting for FAM, FIS, income tax and national insurance contributions as appropriate, and deducting the cost of school meals, milk, and a representative amount for charges for prescriptions, dental treatment and spectacles where these items are not provided free. 3. To obtain the increase in real terms the net income figures are deflated by the retail price index.