HC Deb 15 July 1981 vol 8 cc375-6W
Mr. Foulkes

asked the Chancellor of the Exchequer if he will estimate the net outflow of funds from the United

Comparison of tax allowances with supplementary benefit entitlement levels for 1981–82
Tax thresholds as a percentage of appropriate supplementary benefit entitlement levels with:
Supplementary benefit entitlement levels 1981–82 Non-transferable allowances Fully transferable allowances Partially transferable allowances Non-transferable allowances and increased child benefit
£ (Scheme 1) (Scheme 2) (Scheme 3) (Scheme 4)
Single person 1,144.65 145 120 127 113
Married couple (one spouse only with income) 1,859.05 89 147 122 69
Comparison including child support*
Single person with one child† 1,535.65 195 166 175 128
Married couple (one spouse only with income):
With two children‡ 2,641.05 82 123 105 88
With four children§ 3,930.85 68 96 84 86
* Child addidons are included with basic supplementary benefit entitlement levels, and child benefit is added to tax allowances.
† Age under 11. In calculating tax thresholds it is assumed that under schemes 1 to 3 the support given to a lone parent family would bear the same relativity to the single person's allowance as the additional personal allowance (APA) does at present. Under scheme 4 the increase in child benefit is taken to compensate single parents for the withdrawal of the APA. The extra child benefit for single parents is included under all four schemes.
‡ Both under 11.
§ Two under 11, two 11–15.

Kingdom directly attributable to the ending of exchange control regulations; how much of this went to the Channel Islands and the Isle of Man; and how much of this was in the hands of companies and of individuals.

Mr. Lawson

[pursuant to his reply, 14 July 1981]: It is not possible to estimate with any certainty the net outflows directly attributable to abolishing exchange controls.