HC Deb 08 November 1976 vol 919 cc75-6W
Mr. Speed

asked the Chancellor of the Exchequer what would the current salary of a Member of Parliament have to be to preserve the purchasing power of £4,500 in January 1972.

Estimated effect on:
Budget RPI

(percentage)

 Real GDP (percentage) Money GDP (percentage) Employment (000s) Unemployment (000s)
26th March 1974 … … … +0.4 0 +0.5 -12 +4
22nd July 1974 … … … -2.3 +0.6 -1.4 +85 -28
12th November 1974 … … +1.5 +0.2 +1.7 +70 -35
15th April 1975 … … … +2.9 -0.5 +1.2 -55 +24
6th April 1976 … … … +0.7 +0.6 +0.9 +69 -41
22nd July 1976 … … … +0.2 -0.5 -0.2 -17 +7

Note: Real GDP is measured at factor cost, money GDP is measured at market prices. The unemployment figures exclude school leavers and adult students.

Mr. Robert Sheldon

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