§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he has made any assessment of the likely effect of a reduction in the United States deficit on
Net income after income tax, national insurance contributions and child benefit (£ per week) Percentages of average earnings1 66 per cent. 100 per cent. 150 per cent. 200 per cent. 500 per cent. Married couple with one earner and 2 children 1979–80 64.97 88.60 125.22 163.44 327.96 1989–902 157.03 218.88 317.77 410.73 906.63 Married couple with one earner and 4 children 1979–80 72.97 96.60 133.22 171.44 353.50 1989–902 171.53 233.38 332.27 425.23 921.13 Single 1979.80 53.22 76.85 113.47 151.30 312.46 1989.902 134.89 196.73 295.62 383.99 879.89 1 Average earnings are those for full time males working a full week at adult rates in all occupations. They are £109.30 per week in 1979–80 and assumed to be £275.50 in 1989–90, an increase of 7½ per cent, on average earnings in 1988–89. 2 Provisional.
Net income of one earner married couple with 2 children as a percentage of net income of single person on same level of earnings Percentages of average earnings1 66 per cent. 100 per cent. 150 per cent. 200 per cent. 500 per cent. 1979–80 122.1 115.3 110.4 108.0 105.0 1989–902 116.4 111.3 107.5 107.0 103.0 322W trade in manufacture on the balance of trade between the United Kingdom and the United States in circumstances where sterling was tied to the deutschemark within the EMS at not less than the current rate of exchange.
Net income of one earner married couple with 4 children as a percentage of net income of single person on same level of earnings Percentages of average earnings1 66 per cent. 100 per cent. 150 per cent. 200 per cent. 500 per cent. 1979–80 137.1 125.7 117.4 113.3 113.1 1989–902 127.2 118.6 112.4 110.7 104.7
§ Mr. RyderThe effects of developments in the United States economy, including the trade deficit, on the United Kingdom economy are regularly assessed in the preparation of official forecasts.