§ 7. Mr. du Cannasked the Chancellor of the Exchequer whether he will publish in the OFFICIAL REPORT a table showing for each of the last 15 years the total national income, the total of all Government and local government expenditure, 207 and the percentage the latter is of the former.
§ Mr. Selwyn LloydYes, Sir. With permission, I will circulate the table in the OFFICIAL REPORT.
§ Mr. du CannWhile thanking my right hon. and learned Friend for that reply, may I ask whether he will be good enough to consider publishing these figures on an annual basis, so that the country as a whole can see whether Government expenditure in relation to national income is being contained or otherwise? Would he now say whether those figures show, as a trend, a decrease or an increase?
§ Mr. LloydThey show a varying trend—the figures are from 1946 onwards—but, as I think I have said, the last three years show an upward trend. I think that the answer to the first part of my hon. Friend's supplementary question is also "Yes, Sir".
§ Following is the table:
Year | Gross national product at factor cost* | Central and local Government expenditure† | Col. (3) as a percentage of col. (2) |
(1) | (2) | (3) | (4) |
£ million | £ million | ||
1946 | 8,787 | 4,577 | 52.1 |
1947 | 9,387 | 4,175 | 44.5 |
1948 | 10,446 | 4,232 | 40.5 |
1949 | 11,136 | 4,587 | 41.2 |
1950 | 11,695 | 4,588 | 39.2 |
1951 | 12,850 | 5,257 | 40.9 |
1952 | 14,005 | 5,833 | 41.6 |
1953 | 14,951 | 6,101 | 40.8 |
1954 | 15,981 | 6,039 | 37.8 |
1955 | 17,033 | 6,241 | 36.6 |
1956 | 18,380 | 6,772 | 36.8 |
1957 | 19,472 | 6,978 | 35.8 |
1958 | 20,392 | 7,417 | 36.4 |
1959 | 21,081 | 7,824 | 37.1 |
1960 | 22,292 | 8,334 | 37.4 |
* The figures for 1955–1960 are taken from the recent National Income White Paper (Cmnd. 1333) and incorporate revisions which have not yet been carried back to the figures for earlier years. The effect of the revisions in 1955 was to reduce the figure in the final column by 0.2. | |||
† These figures are taken from Table 42 of the Blue Book "National Income and Expenditure 1960" with comparable figures for 1946–1949 and 1960. They cover current and capital expenditure on goods and services, debt interest, subsidies and grants by the Central Government (including the National Insurance Funds) and local authorities but exclude loans and other transactions in financial assets. |