§ Lord Jacobsasked Her Majesty's Government:
Further to the Written Answer by Lord McIntosh of Haringey on 29 November (WA 150), what were the average earnings in the United Kingdom for the years 1988–89 to 1999–2000; and what was the ratio of average earnings to the taxable income above which the highest rate is charged for those years. [HL40]
§ Lord McIntosh of HaringeyAverage earnings numbers are published in the new earnings survey table A30 and financial year averages for 1991–92 to 2000–01 are also published in Inland Revenue Statistics table 2.7. The table below gives the numbers requested.
Higher rate threshold Average earnings (annual) Average earnings (weekly) Average earnings as a% of the high rate threshold £ £ £ % 1988–99 21,905 11,913 229.10 54 1989–90 23,485 13.073 251.40 56 1990–91 23,705 14,243 273.90 60 1991–92 26,995 15,324 294.70 57 1992–93 27,145 16,162 310.80 60 1993–94 27,145 16,708 321.30 62 1994–95 27,145 17.212 331.00 63 1995–96 27,825 17,883 343.90 64 1996–97 29,265 18,699 359.60 64 1997–98 30,145 19,557 376.10 65 1998–99 31,295 20,400 392.30 65 1999–2000 32,335 21,081 405.40 65 Annual average earnings are the weekly figures multiplied by 52.
Average earnings figures are based on all full-time employees whose pay is unaffected by absence.
The higher rate threshold is the personal allowance plus the highest threshold for taxable income.