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Family Income

Volume 75: debated on Thursday 21 March 1985

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19.

asked the Chancellor of the Exchequer what would be the increase per week in net income for a one-earner, two-child family of spending the same sum on (a) a 1p cut in the standard rate of tax, (b) increasing personal allowances and (c) increasing child benefit.

For a one-earner, two-child family on average earnings, the percentage increases in net income would be as follows (a) 0·9 per cent., (b) 0·7 per cent. and (c) 2·4 per cent.