With regard to taxes, real take-home pay for those on average earnings fell under Labour. Under us, it has risen. For the first four years of the Labour Government real take-home pay for men on average earnings fell by more than 8 per cent. Under us it has risen by 4 per cent. Real take-home pay means pay after tax has been paid.
The figures in the forecast reportedly made by the European Commission were not given by the Government. We do not forecast that far ahead.