§ Mr. Ovendenasked the Chancellor of the Exchequer what was the total cash value for each year since 1965–66 of personal tax allowances and wife's earned income allowance for a married couple with no children where both parties were employed and subject to the standard rate of tax; and what will be the corresponding value for the current year.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 10th November 1977; Vol. 938, c. 185], gave the following information:
The figures are as follows:
Year Cash value of income tax allowances £ 1965–66 … … 231.00 1966–67 … … 231.00 1967–68 … … 231.00 1968–69 … … 231.00 1969–70 … … 259.88 1970–71 … … 325.88 1971–72 … … 306.13 1972–73 … … 410.75 1973–74 … … 411.00 1974–75 … … 491.70 1975–76 … … 570.50 1976–77 … … 637.00 1977–78 … … 816.00 The figure for 1977–78 takes account of the Chancellor's proposals of 26th October.