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Members Of Parliament (Pay)

Volume 892: debated on Wednesday 21 May 1975

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asked the Chancellor of the Exchequer, for an hon. Member of this House, married with two children between 11 and 18 years of age, who has no other income or expenses, what gross salary would have to be received in order for him to receive the same purchasing power after tax, that he received when the £4,500 salary was first introduced.

To maintain in real terms the net value after tax of an annual salary of £4,500 between January 1972 and April 1975 would require a gross salary of about £7,720 at the tax rates proposed for 1975–76.