§ Mr. Ralph Howellasked the Chancellor of the Exchequer what percentage of average manual earnings was represented by the income tax threshold for a married man with two children not over 11 years of age in June of each year since 1949.
§ Mr. Denzil DaviesThe figures are as follows:
Tax threshold as percentage of average earnings Per cent. 1949–50 … … 103.2 1950–51 … … 98.0 1951.52 … … 97.5 1952–53 … … 107.3 1953–54 … … 101.2 1954–55 … … 93.8 1955–56 … … 99.5 1956–57 … … 93.4 1957–58 … … 88.4 1958–59 … … 86.8 1959–60 … … 82.2 1960–61 … … 76.6 1961–62 … … 73.8 1962–63 … … 71.4 1963–64 … … 84.5 1964–65 … … 78.1 1965–66 … … 71.9 1966–67 … … 69.4 1967–68 … … 66.0 1968–69 … … 57.4 1969–70 … … 56.1 1970–71 … … 57.6 1971–72 … … 58.6 1972–73 … … 59.9 1973–74 … … 52.4 1974–75 … … 51.1 1975–76 … … 48.8 Figures of average earnings for June of each year are not available, and the figures used in the calculations are the annual equivalents of average weekly earnings of full-time adult males in manufacturing and certain other industries at October each year, except for 1975–76 when an estimate of £54.50 per week at April 1975 has been used.