§ Mr. Deakinsasked the Chancellor of the Exchequer what was the gross national product per capita in the United Kingdom in 1945, 1950, 1960, 1970, and the latest available year, at current prices and also at constant prices based on those of 1945 ; and if he will give in
PER CAPITA GROSS NATIONAL PRODUCT AT FACTOR COST At current prices At constant prices £ Percentage change on preceding figure Index 950=100(1) Percentage change on preceding figure 1946 … … … … 180 1950 … … … … 232 +28.7 100.0 1960 … … … … 435 +87.2 123.6 +23.6 1970 … … … … 780 +79.3 154.0 +24.6 1972 … … … … 965 +23.7 158.2 +2.7 Increase 1946–1972: +435% Increase 1950–1972: +58% Increase 1950–1972: +315% (1) Constant price estimates at 1945 prices are not available. The latest published constant price estimates are expressed at the price level of 1970 but reflect calculations at the relative prices of 1948, 1954, 1958, 1963 and 1970 for the whole period in question (see notes on page 97 of the latest national income Blue Book—"National Income and Expenditure, 1973")
§ Mr. Redmondasked the Chancellor of the Exchequer what was the net take-home pay of a married man with two children under 11 years of age after deductions of income tax and national insurance and assuming that all income was earned and that he was receiving the national average wage at any convenient date in 1969, 1970, 1971, 1972 and 1973.
§ Mr. NottAssuming that the man is not contracted out of the graduated pension scheme the figures are:
380W each case the percentage change on the preceding figure and the total percentage change for the latest year compared with 1945.
Gross weekly earnings* Take-home pay £p £p April 1969 26.17 21.21 April 1970 28.90 22.87 April 1971 32.30 26.06 April 1972 36.00 29.24 April 1973 40.90 32.41
§ Mr. NottThe information available is given in the table below. No estimates are available for 1945 and estimates at constant prices are not available for years before 1948.
* Average weekly earnings of all full-time adult males at April each year.
Note: The figures for take-home pay do not include family allowances (£0.90 per week for all dates) but tax on the family allowance and the family allowance deduction ("clawback") have been taken into account.
§ Mr. Meacherasked the Chancellor of the Exchequer what were the precise dates to which each of the lists of take-home pay shown in the OFFICIAL REPORT on 10th December 1973, c. 45–6, applied, and what each of the levels of take-home pay would have been, both for earned and investment incomes, in real terms at October 1970 prices.
§ Mr. NottThe figures of take-home pay given related to the tax years shown and were calculated on the basis of tax payable in respect of each year's income by reference to the tax rates in force for 381W that year. They did not of course take account of the 10 per cent. surcharge on surtax for 1972–73 which has sub
Take-home Pay (£) Annual Income 1969–70 1970–71 1971–72 1972–73 1973–74 All Earned £1,000 … … … … … 918.43 862.14 820.61 793.14 734.13 £2,000 … … … … … 1,637.90 1,522.57 1,427.03 1,368.37 1,265.14 £5,000 … … … … … 3,785.49 3,524.15 3,326.40 3,132.13 2,912.28 £8,000 … … … … … 5,427.80 5,059.14 4,881.81 4,585.43 4,421.74 £10,000 … … … … … 6,335.38 5,906.90 5,721.52 5,370.02 5,187.03 £20,000 … … … … … 8,139.02 7,591.21 8,791.86 8,238.80 7,976.29 All Investment £1,000 … … … … … 843.44 789.58 754.11 742.10 731.18 £2,000 … … … … … 1,472.24 1,376.49 1,313.94 1,265.18 1,301.07 £5,000 … … … … … 2,887.88 2,700.23 2,610.05 2,476.19 2,606.22 £8,000 … … … … … 3,819.30 3,570.22 3,481.87 3,290.79 3,759.73 £10,000 … … … … … 4,291.71 4,011.45 3,934.93 3,714.10 4,287.72 £20,000 … … … … … 5,567.11 5,202.50 5,260.48 4,952.64 5,890.48 The general index of retail prices has been used in these calculations, relating the average for each financial year to the index at October 1970.