Written Answers
British Airways: Aircrew Expenses And Tax
asked Her Majesty's Government:Whether licence renewal fees and associated medical costs paid by British Airways on behalf of their aircrew are regarded as taxable emoluments, and whether these payments are taken into consideration when determining compliance with Government incomes policy.
Licence renewal fees and associated medical costs paid by the employer in the circumstances do not give rise to tax liability in the hands of employees. The payment of these expenses by British Airways was taken into account in the April 1978 pay settlement for this group of employees, which was in accordance with Government incomes policy.
Sterling Purchasing Power
asked Her Majesty's Government:What would be the value of a pound sterling in February 1974 in today's currency.
In May 1978, the latest date for which information is available, it is estimated that the sum of £1·92 had purchasing power equivalent to that of £1 in February 1974. This estimate is based on the change in the General Index of Retail Prices.House adjourned at two minutes before ten o'clock.