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Pay

Volume 688: debated on Monday 22 January 2007

asked Her Majesty's Government:

How many people shared (a) the £10 billion employment-related income increases in the past year at the bottom of the income distribution; and (b) the £10 billion employment-related income increases in the past year at the top of the income distribution. [HL1307]

The information requested falls within the responsibility of the National Statistician, who has been asked to reply.

Letter to Lord Lea of Crondall from the National Statistician, dated January 2007.

The figure of £10 billion is an estimate of the level of bonuses paid in the financial intermediation sector during the period December 2005 to April 2006. The source of the data does not enable a further breakdown by income of the recipient as this information is not collected.