HC Deb 15 November 1982 vol 32 c12W
Mr. Hooley

asked the Chancellor of the Exchequer what will be the net cash value of a 4 per cent. wage increase in 1983 to a man earning average industrial wages, after payment of the national insurance increase announced on 8 November, 85 pence a week rent increase, £1 a week increase in travel-to-work fares and allowing for current rates of income tax and the Government's own estimate of the level of inflation.

Mr. Brittan

For a married man, with no children, earning the average weekly wage in manual occupations in manufacturing industries and paying national insurance contributions at the class I employees' contracted-in rate, the value after income tax and NICs of a 4 per cent. increase in April 1983 would be £3.88 per week, assuming that allowances are indexed in 1983 Budget as illustrated in part V of the Autumn Statement. If, in addition, his rent were to increase by 85p, and his travel-to-work fares by £1 per week, then the residual weekly net cash value of the pay increase would be £2.03.