§ Mr. J. H. Osbornasked the Chancellor of the Exchequer (1) what percentage of the capital formation is now in the public sector; how this compares with the previous five years; and what estimate he will make to be the trend in the next five years;
(2) what percentage of the national income is now attributable to the public sector; how this compares with the pre- 64W vious five years; and what estimate he makes of the trend in the next five years.
§ Mr. Maurice MacmillanI cannot make any estimates of the trend over the next five years without making such a wide range of assumptions as to make those estimates of little value.
The available information is as follows:
Percentage of capital formation in the public sector Percentage of national income attributable to the public sector 1970 … … 46 Not available 1965 … … 44 23 1966 … … 47 24 1967 … … 50 24 1968 … … 48 25 1969 … … 46 25