§ Mr. Adleyasked the Secretary of State for Trade and Industry what has been the total average cost per annum of Concorde since 1962; and if he will express the actual annual expenditure at 1973 prices, and at 1962 prices, assuming no cost inflation since 1962.
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§ Mr. Michael Heseltine,pursuant to his reply [OFFICIAL REPORT, 9th July, Vol. 859, c. 252], gave the following information:
The annual average of Concorde expenditure in the United Kingdom between
UNITED KINGDOM EXPENDITURE Actual Expenditure (historic prices) A/F and Engine Development Intramural Production Total 1963 … … … … 3.1 1.1 — 4.2 1964 … … … … 6.4 1.2 — 7.6 1965 … … … … 15.2 1.9 — 17.1 1966 … … … … 34.3 3.6 — 37.9 1967 … … … … 45.5 3.6 — 49.1 1968 … … … … 50.6 4.6 0.9 56.1 1969 … … … … 49.4 6.9 1.9 58.2 1970 … … … … 56.9 7.7 5.9 70.5 1971 … … … … 58.1 5.2 13.7 77.0 1972 … … … … 53.1 6.0 22.8 81.9 Total … … 459.6
At 1962 Economic Conditions 1963 … … … … 3.0 1.1 — 4.1 1964 … … … … 5.8 1.1 — 6.9 1965 … … … … 12.7 1.6 — 14.3 1966 … … … … 27.1 2.8 — 29.9 1967 … … … … 34.8 2.7 — 37.5 1968 … … … … 35.6 3.2 0.6 39.4 1969 … … … … 32.1 4.5 1.2 37.8 1970 … … … … 32.8 4.5 3.4 40.7 1971 … … … … 30.2 2.7 7.1 40.0 1972 … … … … 24.7 2.8 10.5 38.0 Total … … 288.6