HC Deb 09 February 1978 vol 943 c662W
Mr. Baker

asked the Chancellor of the Exchequer whether he will publish estimates for the value of Government capital assets consumed and notional or imputed rent on buildings owned and occupied by the Government, both as defined in footnote 1 on page 10 of Command Paper No. 7049-I, for each year since 1972–73; and whether he will publish the ratio of total public expenditure to gross domestic product at factor cost, for each of the years 1971–72 to 1977–78, using the new definition of total public expenditure, defined in the footnote referred to above.

Mr. Joel Barnett

The figures are shown below:

expects the present situation to be reversed.

Mr. Joel Barnett

All these factors were taken into account in the Industry Act forecast, published on 26th October 1977, which envisaged a growth of output in the economy at 3½ per cent., a rate which if sustained should cause unemployment to fall.