§ Mr. MeacherTo ask the Chancellor of the Exchequer what was the average income of the highest paid 1 per cent. of the population in each year since 1966; what was the percentage increase in each year; and what was the value of each year's income at 1995 prices. [9271]
§ Mrs. Angela KnightInformation which can be provided, using new earnings survey data, is given in the following table. It is not possible to provide this level of data before 1986.
Earnings for years before 1995 can be converted to 1995 levels using the retail prices index (all items). This information is published in the Central Statistical Office Business Monitor MM23, a copy of which is available in the Library.
New Earnings Survey 1986–1995 (Great Britain) Year 1 per cent. earned more than £ Gross average earnings weekly earnings highest paid 1 per cent. £ Percentage increase on previous year 1986 541 730 — 1987 602 838 14.9 1988 674 968 15.5 1989 768 1,086 12.1 1990 845 1,185 9.2 1991 908 1,255 5.9 1992 961 1,349 7.5 1993 1,025 1,490 10.5 1994 1,028 1,481 -0.6 1995 1,083 1,597 7.8 Full-time employees on adult rates, whose pay for the survey period was unaffected by absence.