§ Mr. Adleyasked the Chancellor of the Exchequer what is the level of taxation at the latest convenient date of a retired couple in receipt of the State pension plus private pension fund income of £1,500 per annum; what was the figure on the same date for each year since 1970; what proportion the taxation represents of their total disposable income; and what was the percentage increase or decrease in their real net income as compared to 1970 for each year since.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 7th March 1978; Vol 945, c. 618], gave the following information:
The figures are as follows:
£2,000; what was the figure on the same date for each year since 1970; what proportion this taxation represented of their total disposable income; and what was 45W the percentage increase or decrease in their real net income as compared to 1970 for each year since.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 7th March 1978;
Tax in year £ Tax as percentage of income before tax Per cent. Tax as percentage of income after tax Per cent. Percentage fall in real net income received in January of each year (since January 1970) Per cent. 1969–70 … … 641.06 32 47 — 1970–71 … … 633.19 32 46 7 1971–72 … … 594.81 30 42 12 1972–73 … … 542.50 27 37 15 1973–74 … … 367.50 18 22 15 1974–75 … … 424.55 21 27 32 1975–76 … … 251.25 13 14 38 1976–77 … … 200.25 10 11 46 1977–78 … … 8.50 0 0 45 The prices index used is of the general index of retail prices—all items. Movements are between the figures for January each year since the figure for January 1978 is the latest available.