§ Lord Diamondasked Her Majesty's Government:
What are the figures for public sector capital spending in real terms (base year 1984–85) from 1974–75, using the same definition of public sector capital spending as is used for the figures in table 1.14 of the 1986 Public Expenditure White Paper (Cmnd. 9702–I).
§ The Secretary of State for Employment (Lord Young of Graffham)Public sector capital spending in real terms(1)) is as follows:
£ billion (base year 1984–85) 1974–75 1975–76 1976–77 1977–78 1978–79 26.7 26.4 25.9 22.0 20.5 1979–80 1980–81 1981–82 1982–83 1983–84 20.7 20.2 19.3 20.5 21.6 1984–85 1985–86 1986–87 1987–88 1988–89 21.3 20.6 19.5 18.4 18.0 (1)Cash figures adjusted for general inflation as measured by the GDP deflator at market prices (base year 1984–85). (2)The figures for 1986–87, 1987–88 and 1988–89 make no allowance for allocations to capital spending from the Reserve.