§ Mr. Campbell-SavoursTo ask the Chancellor of the Exchequer if he will estimate the value of short-term capital inflows into the United Kingdom in the first three quarters of 1989.
§ Mr. Norman LamontThe available information on transactions in the main categories of United Kingdom
558W
Income tax, NICS and indirect tax payments at multiples of average earnings—1988–89 Multiples of average earnings 0.5 0.75 1 1.5 2 3 4 5 7 10 20 Single Amounts, £ per week Income tax 19.51 35.53 51.55 83.59 129.33 231.85 334.37 436.89 641.93 949.49 1,974.69 NICS 11.53 17.30 23.07 27.45 27.45 27.45 27.45 27.45 27.45 27.45 27.45 VAT — 9.52 12.82 19.98 — — — — — — — Other indirect — 15.15 18.96 27.22 — — — — — — — Domestic rates — 7.68 9.35 12.99 — — — — — — — Total 31.04 85.18 115.75 171.23 156.78 259.30 361.82 464.34 669.38 976.94 2,002.14 Percentage of earnings Income tax 15.2 18.5 20.1 21.7 25.2 30.2 32.6 34.1 35.8 37.0 38.5 NICS 9.0 9.0 9.0 7.1 5.4 3.6 2.7 2.1 1.5 1.1 0.5 VAT — 5.0 5.0 5.2 — — — — — — — Other indirect — 7.9 7.4 7.1 — — — — — — — Domestic rates — 4.0 3.6 3.4 — — — — — — — Total 24.2 44.4 45.1 44.6 30.6 33.7 35.3 36.2 37.3 38.1 39.1 Married, no children Amounts, £ per week Income tax 12.35 28.37 44.39 76.43 117.87 220.39 322.91 425.43 630.47 938.03 1,963.23 NICS 11.53 17.30 23.07 27.45 27.45 27.45 27.45 27.45 27.45 27.45 27.45 VAT — 8.73 12.32 20.12 — — — — — — — Other indirect — 16.82 20.63 28.89 — — — — — — — Domestic rates — 7.52 8.73 11.37 — — — — — — — Total 23.88 78.74 109.14 164.26 145.32 247.84 350.36 452.88 657.92 965.48 1,990.68 Percentage of earnings Income tax 9.6 14.8 17.3 19.9 23.0 28.7 31.5 33.2 35.1 36.6 38.3 NICS 90 90 90 71 5.4 3.6 2.7 2.1 1.5 1.1 0.5 VAT — 4.5 4.8 5.2 — — — — — — — Other indirect — 8.8 81 7.5 — — — — — — — Domestic rates — 3.9 3.4 30 — — — — — — — Total 18.6 410 42.6 42.7 28.3 32.2 34.2 35.3 36.7 37.7 38.8 Married, both working Amounts, £ per week Income tax 0 15.84 31.86 63.9 97.83 17319 260.33 36118 566.22 873.78 1,898.98 NICS 7.95 15.76 2102 34.60 45.90 54.90 54.90 54.90 54.90 54.90 54.90 VAT — — 9.87 13.82 21.42 — — — — — — Other indirect — 19.54 22.99 29.65 — — — — — — — Domestic rates — 9.29 9.92 1114 — — — — — — — Total 7.95 70.30 99.61 160.71 143.73 22809 315.23 41608 62112 928.68 L953.88 external assets and liabilities in the first three quarters of 1989 was published on 14 December in the quarterly balance of payments press notice, CSO(89)143, a copy of which is in the Library. It is not considered meaningful to distinguish short-term capital flows.