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Mr. Ovenden
asked the Chancellor of the Exchequer what was the total cash value for each year since 1965–66 of personal tax allowances and wife's earned income allowance for a married couple with no children where both parties were employed and subject to the standard rate of tax; and what will be the corresponding value for the current year.
Mr. Robert Sheldon
, pursuant to his reply [Official Report, 10th November 1977; Vol. 938, c. 185], gave the following information:The figures are as follows:
| Year | Cash value of income tax allowances | ||
| £ | |||
| 1965–66 | … | … | 231·00 |
| 1966–67 | … | … | 231·00 |
| 1967–68 | … | … | 231·00 |
| 1968–69 | … | … | 231·00 |
| 1969–70 | … | … | 259·88 |
| 1970–71 | … | … | 325·88 |
| 1971–72 | … | … | 306·13 |
| 1972–73 | … | … | 410·75 |
| 1973–74 | … | … | 411·00 |
| 1974–75 | … | … | 491·70 |
| 1975–76 | … | … | 570·50 |
| 1976–77 | … | … | 637·00 |
| 1977–78 | … | … | 816·00 |