HC Deb 19 November 1986 vol 105 cc228-9W
Mr. Cohen

asked the Chancellor of the Exchequer if he will indicate for each year since 1979, and provide estimates for 1987, of (i) proceeds to the Treasury from North sea oil revenues, (ii) proceeds from public asset sales, (iii) expenditure on unemployment benefit and (iv) total expenditure on social security benefits.

Mr. MacGregor

The information is as follows:

Selected Expenditure and Revenue Data
£ million
1979–80 1980–81 1981–82 1982–83 1983–84 1984–85 1985–86 11986–87 11987–88
(i) North Sea Revenues 2,314 3,743 6,492 7,822 8,798 12,030 11,319 4,500 4,000
(ii) Public sector asset sales
(a) Privatisation proceeds 377 405 494 488 1,142 2,091 2,702 4,750 5,000
(b) Sales of land and existing buildings 879 1,316 2,122 2,854 2,455 2,443 2,462 2,313 2,170
(iii) Unemployment Benefit 653 1,280 1,702 1,500 1,497 1,578 1,597 1,618 1,600
(iv) Total Social Security expenditure on benefits 18,579 22,409 27,294 31,063 33,619 36,402 39,414 41,074 42,600
1 Figures for these years are plans or forecasts.

Sources:

North Sea Revenues: Financial Statistics. 1986–87 from 1986 Autumn Statement. 1987–88 from 1986 financial Statement and Budget Report. Privatisation proceeds: 1986 Public Expenditure White Paper (Cmnd 9702) 1987–88 updated by Autumn Statement.

Sales of land and existing buildings: consistent with 1986 PEWP.

Unemployment benefit and social security expenditure: 1986 PEWP. Coverage GB.