Written question asked by Malcolm Wicks (Labour), in the House of Commons. It was due for an answer on Monday, 11 January 1993. It was answered by Stephen Dorrell (Conservative) on Monday, 11 January 1993 on behalf of the Treasury.

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Treasury

Question

If he will publish a table which sets out for a two-child family on (a) half average earnings, (b) three quarters average earnings, (c) average earnings, (d) one and a half average earnings, (e) twice average earnings, (f) five times average earnings and (g) ten times average earnings the increase in net income to be derived from (i) a 1p cut in the standard rate of income tax in the 1993-94 financial year, (ii) an increase in personal allowances, over and above indexation, which incurred the same cost as a 1p cut in the standard rate of income tax and (iii) an increase in child benefit which incurred the same cost as a 1p cut in standard rate income tax, both assuming and not assuming similar increases in the income support and family credit children's rates separately. - Figures given.

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Secondary information

Type

Written question

Reference

216 c545-6W

Session

1992-93

Subjects

Child benefit Allowances Families Personal taxation Tax rates and bands Tax thresholds

Contains statistics

Yes