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Mr. Noble
asked the Chancellor of the Exchequer if he will indicate the percentage of total investment income received by those with earned incomes below £1,000, by each successive £1,000 and up to £30,000, by those with earned incomes above £30,000 and by those with no earned income at all.
Mr. Robert Sheldon
I regret that information is not available analysed by the ranges of income specified in the Question. Estimates have been made, however, for 1972–73 for a smaller number of ranges:
Range of net earned income | Percentage of net investment income |
£ | |
Under 1,000 | 41 |
1,000–1,999 | 16 |
2,000–2,999 | 10 |
3,000–3,999 | 6 |
4,000–4,999 | 4 |
5,000–5,999 | 3 |
6,000–7,999 | 4 |
8,000–9,999 | 2 |
10,000–11,999 | 1 |
12,000–14,999 | 1 |
15,000–19,999 | 1 |
20,000 and over | 1 |