Below is the text of Mr Major’s written Parliamentary Answer on Pensioner Incomes on 2nd March 1987.
Mr. Christopher Hawkins Asked the Secretary of State for Social Services what was the change in pensioners’ incomes in real terms in the periods 1974 to 1979 and 1979 to the latest available date.
Mr. Major The total average net incomes of pensioners increased by 0.6 per cent. a year in real terms between 1974 and 1979, and by 2.7 per cent. a year from 1979 and 1985, the latest available date.
(Source: Family Expenditure Survey 1974, 1979, 1985)
Note: FES figures based on “tax units” which may represent either single pensioners or married couples.