Below is the text of Mr Major’s written Parliamentary Answer on Family Incomes on 14th December 1988.
Mr. Harry Barnes To ask the Chancellor of the Exchequer whether he has produced any estimate of the expected impact on the living standards of an average sized family on average incomes of the combined effects of the poll tax and the privatisation of electricity and water.
Mr. Major No specific estimate is available. However, to raise the same revenue from community charge as from domestic rates will need no change in the average household bill. The introduction of competition and the disciplines of the private sector into the electricity and water supply industries will put downward pressure on costs and prices.