HC Deb 30 June 1967 vol 749 c144W
Mr. Longden

asked the Minister of Transport upon what Her Majesty's Government base the calculations that the anticipated increase in output of 3 per cent. would increase the national income by £1,000 million.

Mr. MacDermot

I have been asked to reply.

The calculation is based on the fact that national output (gross domestic product at factor cost) amounted in 1966 to £31,922 million, and that 3 per cent. of this sum is £958 million or £1,000 million rounded.