§ Mr. Peter Bottomleyasked the Chancellor of the Exchequer, if he will update the information age allowance tax thresholds given to the hon. Member for Brighton, Kemptown on 7th April 1976, Official Report, column 224.
650W
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 21st January 1977; Vol. 924, c. 352], gave the following information:
The updated figures are as follows:
(1) Age allowance as percentage of average earnings (2) Age allowance in real terms (April 1975 prices) Single % Married % Single £ Married £ 1975: May 29.7 44.6 912 1,368 June 29.2 43.8 895 1,342 July 27.9 41.9 886 1,328 August 27.6 41.5 880 1,321 September 27.2 40.8 873 1,309 October 27.0 40.5 861 1,291 November 26.5 39.8 851 1,276 December 26.0 39.0 840 1,260 1976: January 26.0 38.9 829 1,244 February 25.9 38.8 819 1,228 March 25.4 38.1 814 1,222 April 27.1 41.6 849 1,308 May 26.4 40.7 840 1,293 June 26.6 41.0 836 1,287 July 26.0 40.1 834 1,284 August 25.7 38.5 823 1,267 September See note (1) 812 1,250 October 797 1,228 November 786 1,211 Notes:
(1) Average earnings are the annual equivalent of the revised estimated average earnings in the month of full-time adult males in all industries, obtained by applying the monthly index of average earnings to the New Earnings Survey estimates for April 1975 and April 1976.
(2) The price index used is the general Index of Retail Prices—all items.