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Personal Incomes

Volume 938: debated on Monday 7 November 1977

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asked the Chancellor of the Exchequer what increase in real personal disposable income will be entailed by the forecast he published on 26th October.

The path of real personal disposable income will be affected considerably by the timing of direct tax reductions. Between the calendar years 1977 and 1978 a rise in real personal disposable income of about 3 per cent. would be consistent with the published forecasts.