HC Deb 08 January 1990 vol 164 cc557-8W
Mr. Campbell-Savours

To 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 Lamont

The available information on transactions in the main categories of United Kingdom

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.