§ 1. Income, output and productivity
§ The figures in the following table update the series shown in Table 13 of the 1971 Annual Review White Paper and incorporate revisions to the figures in the earlier years:
| ALL COMMERCIALLY SIGNIFICANT HOLDINGS | ||||||||
| June-May years | ||||||||
| Net Income at current prices | Net Product at constant prices | Labour Productivity | ||||||
| Year | Actual | 3-year moving average | Index | Index | ||||
| £m. | £m. | Average of 1964/65–1966/67 = 100 | ||||||
| 1967–68 | … | … | … | … | 527 | 501 | 107 | 116 |
| 1968–69 | … | … | … | … | 490 | 528 | 100 | 114 |
| 1969–70 | … | … | … | … | 567 | 556 | 105 | 124 |
| 1970–71 | … | … | … | … | 611 (612*) | 615 | 111 | 135 |
| 1971–72 (forecast) | … | … | 668 (630*) | — | 116 | 143 | ||
| * Adjusted to normal weather conditions. |
§ 2. Gross capital formation
| Year | In plant, machinery and vehicles | In buildings and works | Stock valuation changes | Total | ||||
| £m. | £m. | £m. | £m. | |||||
| 1967 | … | … | … | … | 111 | 75 | 37 | 223 |
| 1968 | … | … | … | … | 123 | 87 | 52 | 262 |
| 1969 | … | … | … | … | 113 | 97 | 70 | 280 |
| 1970 | … | … | … | … | 118 | 110 | 114 | 342 |
| 1971 (forecast) | … | … | … | 127 | 135 | 125 | 387 |
§ 3. Aggregate cost changes
| Net change for all products | … | +£56½ million. |
| Net change on guaranteed production | … | +£48 million. |
§ 4. Exchequer support for agriculture
§ The cost to public funds of agricultural support in 1972–73 was review at £341 million.