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Personal Incomes

Volume 972: debated on Wednesday 24 October 1979

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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 pricesPercentage change on corresponding quarter of preceding year
1955—
1st quarter10,164
2nd quarter10,363
3rd quarter10,421
4th quarter10,348
1956—
1st quarter10,5503·8
2nd quarter10,5531·8
3rd quarter10,6272·0
4th quarter10,6302·7
1957—
1st quarter10,7171·6
2nd quarter10,7652·0
3rd quarter10,7601·3
4th quarter10,8041·6
1958—
1st quarter10,9602·3
2nd quarter10,8691·0
3rd quarter10,9852·1
4th quarter10,9821·6
1959—
1st quarter11,1812·0
2nd quarter11,5536·3
3rd quarter11,5905·5
4th quarter11,7326·8
1960—
1st quarter11,9516·9
2nd quarter12,1885·5
3rd quarter12,3926·9
4th quarter12,5296·8
1961—
1st quarter12,6485·8
2nd quarter12,8415·4
3rd quarter12,8113·4
4th quarter12,7461·7
£ million 1975 pricesPercentage change on corresponding quarter of preceding year
1962—
1st quarter12,7080·5
2nd quarter12,708-1·0
3rd quarter12,8980·7
4th quarter13,0102·8
1963—
1st quarter13,1103·2
2nd quarter13,2164·0
3rd quarter13,6125·5
4th quarter13,7234·7
1964—
1st quarter13,7625·0
2nd quarter13,8104·5
3rd quarter14,0343·1
4th quarter14,0472·4
1965—
1st quarter14,1342·7
2nd quarter14,1242·3
3rd quarter14,3452·2
4th quarter14,4542·9
1966—
1st quarter15,0276·3
2nd quarter14,4432·3
3rd quarter14,3610·1
4th quarter14,4850·2
1967—
1st quarter14,441-3·9
2nd quarter14,7572·2
3rd quarter15,0915·1
4th quarter14,9193·0
1968—
1st quarter15,3406·2
2nd quarter15,1842·9
3rd quarter14,858-1·5
4th quarter15,0370·8
1969—
1st quarter15,194-1·0
2nd quarter15,2420·4
3rd quarter15,1471·9
4th quarter15,4222·6
1970—
1st quarter15,4571·7
2nd quarter15,9584·7
3rd quarter15,9865·5
4th quarter15,9513·4
1971—
1st quarter15,7351·8
2nd quarter16,1601·3
3rd quarter16,2081·4
4th quarter16,4823·3
1972—
1st quarter16,7976·8
2nd quarter17,6849·4
3rd quarter17,3096·8
4th quarter17,8078·0
1973—
1st quarter18,1398·0
2nd quarter18,7035·8
3rd quarter18,5567·2
4th quarter18,6714·9
1974—
1st quarter18,5882·5
2nd quarter18,405-1·6
3rd quarter18,8791·7
4th quarter19,1792·7
£ million 1975 pricesPercentage change on corresponding quarter of preceding year
1975—
1st quarter19,3264·0
2nd quarter18,6311·2
3rd quarter18,456-2·2
4th quarter18,294-4·6
1976—
1st quarter18,805-2·7
2nd quarter18,611-0·1
3rd quarter18,9892·9
4th quarter18,3680·4
1977—
1st quarter18,382-2·3
2nd quarter17,981-3·4
3rd quarter18,230-4·0
4th quarter18,9673·3
1978—
1st quarter18,9313·0
2nd quarter19,5028·5
3rd quarter20,0159·8
4th quarter20,2346·7
1979—
1st quarter20,4047·8
2nd quarter20,7276·3

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.

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.