§ Mr. Malcolm BruceTo ask the Chancellor of the Exchequer what is his estimate of the additional tax revenues which would accrue to the Exchequer for each of the next five years if the annual rate of growth of gross domestic product in the United Kingdom were to be 0.25 per cent. per annum higher than assumed in the forecasts contained in the "Financial Statement and Budget Report 1996–97"; and if he will make a statement. [22761]
676W
Gross total national health service spending per capita 1990–91 1991–92 1992–93 1993–94 1994–95 1995–96 (estimated outturn) Northern Ireland1 581 639 678 705 729 768 Scotland 600 678 740 762 799 849 Wales 536 612 684 705 732 770 England 493 556 607 626 657 694 1 The figures for Northern Ireland are estimates, due to the fact that Northern Ireland's health services and personal social services are provided on an integrated basis.
§ Mr. Waldegrave[holding answer 26 March 1996]: Tax revenues as a ratio of GDP vary automatically with cycles in economic activity. The alternative projection below uses the relationship set out in HM Treasury occasional paper No. 4 "Public Finances and the Cycle":
General government receipts projections Percentage of money GDP 1996–97 1997–98 1998–99 1999–00 2000–01 FSBR projection 37¾ 38¼ 38½ 38¾ 39 ¼percentage point higher growth 37¾ 38¼ 38¾ 39 39¼ This implies additional revenues of: Additional revenues (£ billion) ½ 2 3 5 6