§ Mr. RendelTo ask the Chancellor of the Exchequer what assessment he has made of the proportion of those earning over £100,000 a year who are graduates. [121770]
§ John Healey[holding answer 26 June 2003]: The information requested falls within the responsibility of the National Statistician. I have asked him to reply.
Letter from Len Cook to Mr. Rendel, dated 3 July 2003:
As National Statistician, I have been asked to reply to your recent question about the proportion of those earning over £100,000 a year who are graduates. (121770)The Labour Force Survey (LFS) provides estimates of the average weekly pay of employees, most recently for the three month period ending in February 2003; estimates are not available of self-employed earnings. Based on an approximate conversion of this information to an annual pay basis, it is estimated that among employees of working age earning more than £100,000 per year, 82% were qualified to degree level or higher.