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Taxable Earnings (Tips And Gratuities)

Volume 949: debated on Tuesday 9 May 1978

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asked the Chancellor of the Exchequer in respect of which categories of employees the Inland Revenue assumes there are taxable earnings arising from

(a)(b)(c)(d)(e)(f)
Relative export prices (manufactures)Terms of trade (manufactures)Relative normal unit labour costsWholesale prices of manufactures excluding food etc.Export prices of manufacturesImport prices of manufactures
1976—
First quarter99·3100·299·0214·5110·1109·9
Second quarter94·497·291·5222·0116·1119·4
Third quarter95·297·390·3230·8123·1126·5
Fourth quarter90·496·082·0241·2130·5135·9
1977—
First quarter96·597·985·1254·5136·2139·1
Second quarter97·799·485·0264·4141·9142·8
Third quarter99·9100·884·1272·9145·8144·6
Fourth quarter103·9*102·587·6*279·1148·5144·9
1978—
First quarter107·7*104·2†91·3*286·8†… 150·3†144·2†
* Treasury estimate.
† Provisional.
(b), (e) and (f): 1975=100.
(a), (c) and (d): 1970=100.
The series for relative normal unit labour costs is calculated and made available by the Research Department of the IMF. It is based on estimates of potential output in manufacturing which are being revised at present. This may produce consequential revisions to the estimates of relative normal unit labour costs.