HC Deb 15 January 1976 vol 903 cc221-2W
Mrs. Chalker

asked the Chancellor of the Exchequer if he will publish in the Official Report the net income effects of withdrawing the married man's tax allowance from all men with wives under 55 years of age and paying it as a cash home responsibility payment to mothers of children under 5 years of age for (1) families with one, two and four children

£million
31st December 1973 31st March 1974 30th September 1975
Her Majesty's Government:
Proportion of $2.5 billion loan held by overseas banks 247
Central Monetary Institutions holding of:
British Government Stocks 1,556 1,660 1,021
Treasury Bills 674 739 1,351
Nationalised Industries:
Net borrowing abroad from banks 146 156 615
Other Public Sector Bodies:
Net borrowing abroad from banks 12 23 39
Central Monetary Institutions deposits with local authorities 413 373 272

In addition, both nationalised industries and local authorities have issued bonds denominated in foreign currencies overseas, some of which would have been taken up by overseas banks, but it is not possible to identify these separately. They have not therefore been included in the table.

under 5 years of age and (2) families with one, two and four children over 5 years of age earning three-quarters of the average wage, the average wage, twice the average wage and five times the average wage.

Mr. Robert Sheldon

I shall let the hon. Member have a reply as soon as possible.