§ Mr. Penhaligonasked the Secretary of State for Industry if he will instruct the National Enterprise Board to consider the taking over of the Mount Wellington mine, near Chacewater, Truro, following its financial collapse.
Marginal rate of income tax Per cent. Net weekly increase or reduction in net income for a family with 1 child £ per week 2 children £ per week 3 children £ per week 4 children £ per week Not liable +1.30 +2.10 +2.90 +3.70 34 +0.67 +1.01 +1.36 +1.70 40 +0.56 +0.82 +1.08 +1.35 45 +0.47 +0.66 +0.86 +1.05 50 +0.38 +0.50 +0.63 +0.76 55 +0.28 +0.34 +0.40 +0.46 60 +0.19 +0.18 +0.18 +0.17 65 +0.10 +0.03 -0.05 -0.13 70 +0.01 -0.13 -0.28 -0.42 75 -0.08 -0.29 -0.50 -0.71 83 -0.23 -0.55 -0.87 -1.18 + = increase. - = reduction. Following the further increase in child benefits in November 1978 the net income of families at all marginal rates of tax will be increased by a further 70p per week for each child in the family.
532W
§ Mr. Les HuckfieldNo. My officials have kept in close touch with the company to see whether there is any economic basis on which this mine can continue in operation, but the company has made it clear that in its judgment the mine is no longer viable.