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Personal Incomes (Budget Effects)

Volume 114: debated on Wednesday 8 April 1987

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asked the Chancellor of the Exchequer if he will provide for 1987 the same information provided in his reply of 27 October 1986 to the hon. Member for Oldham, West (Mr. Meacher), Official Report, columns 53–6.

[pursuant to his reply, 25 March 1987, c. 216]: The information is in the tables.

Multiples of Average Earnings3

½¾

1

1½

2

5

10

basic rate 21·342·473·615·886·886·886·88
personal allowances0·500·500·500·500·781·041·04
higher rate thresholds1·671·671·67
Total 31·852·984·116·389·349·599·59
Net of indexation: change in basic rate 21·342·473·615·886·886·886·88
personal allowances
higher rate thresholds-0·674·714·71
Total 31·342·473·615·886·212·172·17

Married Man (Non-aged)

Current Prices: change in
basic rate 20·811·953·085·366·886·886·88
personal allowances0·780·780·780·781·081·611·61
higher rate thresholds1·481·671·67
Total 31·592·733·866·149·4410·1710·17
Net of indexation: change in
basic rate 20·811·953·085·366·886·886·88
personal allowances
higher rate thresholds-4·71-4·71
Total 30·811·953·085·366·882·172·17

1 Full time adult males (all occupations) forecast earnings for 1987–88 £227·30 per week.

2 Assuming changes to personal allowances and higher rate thresholds are made first.

3 The sum of the changes may vary by a penny from the total given due to rounding.