§ Ms. Clare Shortasked the Chancellor of the Exchequer what research he has carried out or studied into the job creation effects of cuts in the income tax rates and raising of income tax thresholds.
570W
Value of European currency unit exchange rate (monthly averages) expressed in pound sterling 1979 1980 1981 1982 1983 1984 1985 January — 0.6371 0.5347 0.5653 0.6109 0.5706 0.6219 February — 0.6247 0.5260 0.5592 0.6163 0.5769 — March — 0.6153 0.5401 0.5604 0.6294 0.5904 — April — 0.6076 0.5390 0.5639 0.6006 0.5940 — May 0.6424 0.6086 0.5301 0.5700 0.5844 0.5870 — June 0.6330 0.6092 0.5396 0.5565 0.5758 0.5925 — July 0.6139 0.6072 0.5509 0.5523 0.5751 0.5949 — August 0.6179 0.5963 0.5522 0.5517 0.5675 0.5909 — September 0.6355 0.5895 0.5813 0.5491 0.5683 0.5890 — October 0.6490 0.5729 0.5893 0.5481 0.5783 0.5970 — November 0.6553 0.5581 0.5773 0.5608 0.5708 0.6006 — December 0.6495 0.5541 0.5685 0.5887 0.5732 0.6064 —
§ Mr. MooreIncome tax cuts improve incentives and encourage lower wage settlements. Low tax countries like the United States and Japan have experienced relatively large increases in employment. Evidence on the relation between wages and employment is set out in the recent paper by Treasury officials.