§ Mr. Meacherasked the Chancellor of the Exchequer what would be the annual gain or loss to, respectively, a single person, childless couple, couple with two children and couple with four children, at different income levels, if the personal allowances were increased to £750 and £1,000 for single and married persons, it income tax were levied at 30 per cent. on the first £500 chargeable income, 35 per cent. on the next £500, and an extra 5 per cent. on each successive £1,000 up to 80 per cent., if family allowances and child tax allowances were replaced by a £2 per week child endowment for all children up to 18 years of age, including the first, if the investment surcharge were levied above £1,000 unearned income, and if mortgage interest and life assurance tax relief were disallowed above an income of £8,000 per year.
§ Mr. NottOn the assumptions stated about tax rates, tax allowances and other allowances the figures are as follows:
§ Mr. Hayhoeasked the Chancellor of the Exchequer what has been the average annual change in real personal disposable income per head between October 1964 213W and June 1970 and between June 1970 and the latest available date.
§ Mr. NottMonthly figures for real personal disposable income per head are not available. Between the fourth quarter of 1964 and the second quarter of 1970 the rate of change at an annual rate was 1½ per cent. Between the second quarter of 1970 and the second quarter of 1973, the latest period for which information is available, the increase was at an annual rate of 4½ per cent.
§ Mr. Knoxasked the Chancellor of the Exchequer, taking the first quarter of 1964 as 100, what would be the index number for real personal disposable income per head in each of the quarters from 1964 to the latest available date.
§ Mr. NottThe information is given in the table below:
REAL PERSONAL DISPOSABLE INCOME PER HEAD (1st Quarter 1964 — 100) 1964 1st quarter 100.0 2nd quarter 100.2 3rd quarter 101.4 4th quarter 101.5 1965 1st quarter 101.9 2nd quarter 101.5 3rd quarter 102.5 4th quarter 104.0 1966 1st quarter 107.9 2nd quarter 103.1 3rd quarter 102.5 4th quarter 103.2 1967 1st quarter 102.5 2nd quarter 105.2 3rd quarter 107.0 4th quarter 105.5 1968 1st quarter 108.1 2nd quarter 105.2 3rd quarter 105.9 4th quarter 106.2 1969 1st quarter 106.6 2nd quarter 105.1 3rd quarter 106.1 4th quarter 107.4 1970 1st quarter 106.3 2nd quarter 110.0 3rd quarter 111.2 4th quarter 110.9 1971 1st quarter 110.5 2nd quarter 110.6 3rd quarter 112.0 4th quarter 113.7 1972 1st quarter 114.0 2nd quarter 119.9 3rd quarter 118.0 4th quarter 121.4 1973 1st quarter 122.1 2nd quarter 124.7 * Based on seasonally adjusted estimates of real personal disposal income.