§
Mr. MacGregor
[pursuant to his reply, 3 April 1987, c. 629]:Figures of gross domestic fixed capital formation, capital consumption and net domestic fixed capital
| Gains (£ per week), net of indexation, from the main income tax proposals1 in all Budgets from 1979 to 1987, at 1987–88 income levels |
|
Multiples of Average Earnings2 |
|
|
|
|
|
½ |
¾ |
1 |
1½ |
2 |
5 |
10 |
| Single Person (Non-aged) |
|
|
|
|
|
|
|
| change in:— |
|
|
|
|
|
|
|
| basic rate3 |
4.03 |
7.43 |
10.84 |
17.65 |
20.65 |
20.65 |
20.65 |
| personal allowances |
2.35 |
2.35 |
2.35 |
2.35 |
3.56 |
5.91 |
5.91 |
| reduced rate band |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
| higher rates and thresholds |
— |
— |
— |
— |
2.62 |
100.90 |
362.30 |
| Total4 |
3.91 |
7.31 |
10.73 |
17.54 |
25.21 |
131.05 |
392.45 |
| Married man (Non-aged) |
|
|
|
|
|
|
|
| change in:— |
|
|
|
|
|
|
|
| basic rate 3 |
2.44 |
5.85 |
9.26 |
16.08 |
20.65 |
20.65 |
20.65 |
| personal allowances |
3.74 |
3.74 |
3.74 |
3.74 |
5.11 |
9.42 |
9.42 |
| reduced rate band |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
-2.46 |
| higher rates and thresholds |
— |
— |
— |
— |
2.62 |
100.90 |
362.30 |
| Total 4 |
3.72 |
7.14 |
10.54 |
17.36 |
25.92 |
128.51 |
389.90 |
| 1 Excluding abolition of investment income surcharge. |
| 2 Full time adult males (all occupations) forecast earnings for 1987–88 £227.30 per week. |
| 3 Assuming changes to personal allowances, the reduced rate bands and the higher rate thresholds are made first. |
| 4 The sum of the component changes may vary by a penny from the total change given due to rounding. |
| Gains (£ per week) from the main income tax proposals in the 1987 Budget |
|
Multiples of Average Earnings1 |
|
|
|
|
|
½ |
¾ |
1 |
1½ |
2 |
5 |
10 |
| Single Person (Non-aged) |
| Current Prices: change in |
266W
formation for manufacturing industries are given in the table. These figures do not include capital goods leased to manufacturers from financial lessors. Figures of capital consumption and net domestic fixed capital formation in 1986 are not yet available.
| Acquisition and consumption of fixed assets by manufacturing industries |
| £ million |
|
Gross domestic fixed capital formation |
Capital consumption |
Net domestic fixed capital formation |
| 1970 |
2,089 |
1,188 |
901 |
| 1971 |
2,102 |
1,375 |
727 |
| 1972 |
1,968 |
1,534 |
434 |
| 1973 |
2,356 |
1,759 |
597 |
| 1974 |
3,062 |
2,170 |
892 |
| 1975 |
3,458 |
2,771 |
687 |
| 1976 |
3,910 |
3,369 |
541 |
| 1977 |
4,730 |
3,996 |
734 |
| 1978 |
5,624 |
4,591 |
1,033 |
| 1979 |
6,515 |
5,272 |
1,243 |
| 1980 |
6,478 |
6,241 |
237 |
| 1981 |
5,318 |
6,854 |
-1,536 |
| 1982 |
5,480 |
7,302 |
-1,822 |
| 1983 |
5,854 |
7,664 |
-1,810 |
| 1984 |
7,341 |
8,016 |
-675 |
| 1985 |
7,950 |
8,601 |
-651 |
| 1986 |
8,334 |
n.a. |
n.a. |
| n.a. = not available. |