§ Mr. Fieldasked the Chancellor of the Exchequer what size wage increase taxpayers would need to gain to give them the net pay equivalent of (a) the £4 child benefit, (b) a 50p increase and (c) a £1 increase assuming their marginal tax rate is the reduced, the standard and each of the higher rates of tax, respectively.
§ Mr. Peter Rees, pursuant to his reply [Official Report, 21 June 1979], gave the following answer:
The figures are as follows:
Gross increase required to give: Marginal rate £4 net £0.50 net £1 net £ £ £ 25 per cent. 5.33 0.67 1.33 30 per cent. 5.71 0.71 1.43 40 per cent. 6.67 0.83 1.67 45 per cent. 7.27 0.91 1.82 50 per cent. 8.00 1.00 2.00 55 per cent. 8.89 1.11 2.22 60 per cent. 10.00 1.25 2.50