asked the Chancellor of the Exchequer what has been the level of real personal disposable income for each quarter since January 1946; and what has been the percentage change in each quarter compared with that quarter a year previously.
The available information is given in the following table. Quarterly estimates of real personal disposable income before 1955 are not available.
REAL PERSONAL DISPOSABLE INCOME, SEASONALLY ADJUSTED | ||
£ million 1975 prices | Percentage change on corresponding quarter of preceding year | |
1955— | ||
1st quarter | 10,164 | — |
2nd quarter | 10,363 | — |
3rd quarter | 10,421 | — |
4th quarter | 10,348 | — |
1956— | ||
1st quarter | 10,550 | 3·8 |
2nd quarter | 10,553 | 1·8 |
3rd quarter | 10,627 | 2·0 |
4th quarter | 10,630 | 2·7 |
1957— | ||
1st quarter | 10,717 | 1·6 |
2nd quarter | 10,765 | 2·0 |
3rd quarter | 10,760 | 1·3 |
4th quarter | 10,804 | 1·6 |
1958— | ||
1st quarter | 10,960 | 2·3 |
2nd quarter | 10,869 | 1·0 |
3rd quarter | 10,985 | 2·1 |
4th quarter | 10,982 | 1·6 |
1959— | ||
1st quarter | 11,181 | 2·0 |
2nd quarter | 11,553 | 6·3 |
3rd quarter | 11,590 | 5·5 |
4th quarter | 11,732 | 6·8 |
1960— | ||
1st quarter | 11,951 | 6·9 |
2nd quarter | 12,188 | 5·5 |
3rd quarter | 12,392 | 6·9 |
4th quarter | 12,529 | 6·8 |
1961— | ||
1st quarter | 12,648 | 5·8 |
2nd quarter | 12,841 | 5·4 |
3rd quarter | 12,811 | 3·4 |
4th quarter | 12,746 | 1·7 |
£ million 1975 prices | Percentage change on corresponding quarter of preceding year | |
1962— | ||
1st quarter | 12,708 | 0·5 |
2nd quarter | 12,708 | -1·0 |
3rd quarter | 12,898 | 0·7 |
4th quarter | 13,010 | 2·8 |
1963— | ||
1st quarter | 13,110 | 3·2 |
2nd quarter | 13,216 | 4·0 |
3rd quarter | 13,612 | 5·5 |
4th quarter | 13,723 | 4·7 |
1964— | ||
1st quarter | 13,762 | 5·0 |
2nd quarter | 13,810 | 4·5 |
3rd quarter | 14,034 | 3·1 |
4th quarter | 14,047 | 2·4 |
1965— | ||
1st quarter | 14,134 | 2·7 |
2nd quarter | 14,124 | 2·3 |
3rd quarter | 14,345 | 2·2 |
4th quarter | 14,454 | 2·9 |
1966— | ||
1st quarter | 15,027 | 6·3 |
2nd quarter | 14,443 | 2·3 |
3rd quarter | 14,361 | 0·1 |
4th quarter | 14,485 | 0·2 |
1967— | ||
1st quarter | 14,441 | -3·9 |
2nd quarter | 14,757 | 2·2 |
3rd quarter | 15,091 | 5·1 |
4th quarter | 14,919 | 3·0 |
1968— | ||
1st quarter | 15,340 | 6·2 |
2nd quarter | 15,184 | 2·9 |
3rd quarter | 14,858 | -1·5 |
4th quarter | 15,037 | 0·8 |
1969— | ||
1st quarter | 15,194 | -1·0 |
2nd quarter | 15,242 | 0·4 |
3rd quarter | 15,147 | 1·9 |
4th quarter | 15,422 | 2·6 |
1970— | ||
1st quarter | 15,457 | 1·7 |
2nd quarter | 15,958 | 4·7 |
3rd quarter | 15,986 | 5·5 |
4th quarter | 15,951 | 3·4 |
1971— | ||
1st quarter | 15,735 | 1·8 |
2nd quarter | 16,160 | 1·3 |
3rd quarter | 16,208 | 1·4 |
4th quarter | 16,482 | 3·3 |
1972— | ||
1st quarter | 16,797 | 6·8 |
2nd quarter | 17,684 | 9·4 |
3rd quarter | 17,309 | 6·8 |
4th quarter | 17,807 | 8·0 |
1973— | ||
1st quarter | 18,139 | 8·0 |
2nd quarter | 18,703 | 5·8 |
3rd quarter | 18,556 | 7·2 |
4th quarter | 18,671 | 4·9 |
1974— | ||
1st quarter | 18,588 | 2·5 |
2nd quarter | 18,405 | -1·6 |
3rd quarter | 18,879 | 1·7 |
4th quarter | 19,179 | 2·7 |
£ million 1975 prices | Percentage change on corresponding quarter of preceding year | |
1975— | ||
1st quarter | 19,326 | 4·0 |
2nd quarter | 18,631 | 1·2 |
3rd quarter | 18,456 | -2·2 |
4th quarter | 18,294 | -4·6 |
1976— | ||
1st quarter | 18,805 | -2·7 |
2nd quarter | 18,611 | -0·1 |
3rd quarter | 18,989 | 2·9 |
4th quarter | 18,368 | 0·4 |
1977— | ||
1st quarter | 18,382 | -2·3 |
2nd quarter | 17,981 | -3·4 |
3rd quarter | 18,230 | -4·0 |
4th quarter | 18,967 | 3·3 |
1978— | ||
1st quarter | 18,931 | 3·0 |
2nd quarter | 19,502 | 8·5 |
3rd quarter | 20,015 | 9·8 |
4th quarter | 20,234 | 6·7 |
1979— | ||
1st quarter | 20,404 | 7·8 |
2nd quarter | 20,727 | 6·3 |
asked the Chancellor of the Exchequer if he will set out in the Official Report the percentage of the total tax cuts announced in his Budget for the following levels of earnings: up to £2,000, £4,000, £5,000, £8,000, £10,000 and £15,000; and also show the percentage of the tax cuts he announced, excluding those announced in April 1979.
I shall let the hon. Member have a reply as soon as possible.
asked the Chancellor of the Exchequer what were the estimated gains and losses accruing from his Budget of 12 June to those with incomes, respectively, of less than 1,000, £1,000 to £2,000, £2,000 to £3,000, £3,000 to £4,000, £4,000 to £5,000, £5,000 to £6,000, £6,000 to £7,000, £7,000 to £10,000, £10,000 to £15,000, £15,000 to £20,000, £20,000 to £30,000, £30,000 to £50,000, £50,000 to £70,000 and over £70,000, indicating in each case the gain or loss from each component of the Budget for which a quantifiable yield can be estimated.
I regret that this information cannot be provided in the form requested without a disproportionate expenditure of time and resources.