HC Deb 19 September 2003 vol 410 cc1083-4W
Mr. Laws

To ask the Chancellor of the Exchequer what his estimate is of the number of adults living on an income of less than(a) £5,000, (b) £7,500, (c) £10,000, (d) £15,000, (e) £20,000, (f) £30,000, (g) £35,000, (h) £40,000, (i) £50,000, (j) £75,000, (k) £100,000, (l) £150,000, (m) £200,000, (n) £500,000, (o) £1 million and (p) £10 million in the latest year for which information is available. [130553]

Dawn Primarolo

The information requested is provided for households and is set out in the table. The income definition used is household net equivalised income before housing costs.

Number of households in 2000–01 with net equivalised1 income of less than Number2 (thousand)
(a) £5,000 483
(b) £7,500 1,857
(c) £10,000 4,651
(d) £15,000 10,950
(e) £20,000 15,872
(f) £30,000 21,090
(g) £35,000 22,319
(h) £40,000 23,048
(i) £50,000 23,795
(j) £75,000 24,290
(k) £100,000 24,439
(1) £150,000 24,504
(m) £200,000 24,523
(n) £500,000 24,576
(o) £1,000,000 24,586
(p) £10,000,000 24,586
1Income is adjusted or equivalised to take into account variations in both size and composition of the household. This process reflects the notion that a family of several people needs a higher income than a single person in order for both households to enjoy a comparable standard of living. Incomes of larger families are adjusted downwards and incomes of smaller households adjusted upwards.
2This is based on IGOTM Tax/Benefits model using the Family Resources Survey 2000–01.