§ Mr. Ovendenasked the Chancellor of the Exchequer what was the level of tax allowances at 1st April for each year since 1964 for a married couple with two children and for a single parent with two children; and if he will give the real value of such allowances based on 1964 prices.
§ Mr. Robert SheldonThe figures are as follows:
Date Married couple with two children not over 11 Single parent with two children not over 11 Allowances Value at 1964 prices Allowances Value at 1964 prices 1st April: £ £ £ £ 1964 736 736.0 633 633.0 1965 736 707.4 633 608.4 1966 733 672.8 630 578.3 1967 733 648.8 630 557.6 1968 733 633.7 675 583.5 1969 687 563.0 629 515.5 1970 724 564.4 699 544.9 1971 840 610.5 789 573.4 1972 943 627.1 891 592.5 1973 1,116 692.9 1,065 661.3 1974 1,115 627.0 1,065 598.9 1975 1,293 616.6 1,233 588.0 The allowances shown are those effective for the tax years ending on the following 5th April. Allowance has been made for the effect both of earned income relief and of the family allowance deductions where appropriate. The price index used is the General Index of Retail Prices for the same years taken from Table 1 of "The Internal Purchasing Power of the Pound" published by the Press and Information Service of the Central Statistical Office in July 1975.