§ Mr. Adam Butlerasked the Chancellor of the Exchequer what would be the estimated increase in take-home pay, after deduction of income tax and national insurance contributions, over the next 12 months of married men with two schoolchildren, currently earning gross wages of £25, £30, £40 and £50 per week and of the man on average earnings who gain 11 per cent. pay awards during the period, assuming increases in the retail price index of 6 per cent., 7 per cent., 8 per cent. and 9 per cent., respectively, and allowing for additional 40p payments under the phase 3 cost-of-living safeguard provision.
§ Mr. NottAssuming that both children are under 11, that the men are not contracted out of the Graduated Pension 189W Scheme and that national insurance contributions and income tax in November 1974 are at the rates in force in November 1973, the figures are:—
While the provisions of the stage 3 Pay Code—other than the cost-of-living safeguard—allow average earnings to rise by between 10 and 11 per cent., the amount of the increase received by individuals will depend on the terms of particular settlements, and the Government have asked negotiators to have regard to their view that the low-paid should get special treatment.
Current gross weekly earnings Increases in take home pay if retail price index increases by 6 per cent. 7 per cent. 8 per cent. 9 per cent. £p £p £p £p £p 25.00 1.83 2.06 2.34 2.62 30.00 2.16 2.44 2.67 2.95 40.00 2.88 3.16 3.39 3.67 *42.94 3.05 3.28 3.56 3.84 50.00 3.67 3.95 4.23 4.51 * Estimate of average earnings (including non-manual workers).
Mr. Edward Taylorasked the Chancellor of the Exchequer what is the increase in real terms in personal disposable income per head since 1945.
§ Mr. NottEstimates of real personal disposable income per head are not available before 1948. Between 1948 and the second quarter of 1973, real personal disposable income per head increased by 86 per cent.