HC Deb 24 February 1931 vol 248 cc1972-3W

asked the Chancellor of the Exchequer whether, in view of the discontent aroused by the proposed cuts in wages in the Civil Service, he will appoint a committee to inquire into the method of arriving at the cost-of-living figures in order to make them a truer index of the actual cost of living?


I would refer the hon. Member to the answer given on the 3rd February to a question put by the hon. Member for Willesden East (Mr. D. G. Somerville).

Audited Expenditure. Appn. A/c.
1913–14. 1924–25. 1928–29. 1929–30.
£ millions.
Ordinary Expenditure 151.0 673.3 675.0 692.4
Revenue applied to Debt Re[...]emption 7.7 48.7 57.5 33.2
Self Balancing Expenditure (Post Office and Road Fund). 24.0 65.7 77.4 79.7
Total 182.7 787.7 809.9 805.3

In addition to the figures shown,

in 1913–s14 a sum of £654,804 was expended on the purchase of Anglo-Persian Oil Shares,

in 1928–29 a sum of £18,394,000 raised by taxation was transferred from the Exchequer to the Rating Relief Suspense Account,

in 1929–30 a sum of £2,570,000 was expended out of the Rating Relief Suspense Account, relieving the Exchequer to that extent, while a sum of £4,819,000, part of the cost of Savings Certificates interest, was met by borrowing.

Forward to