HC Deb 25 March 1970 vol 798 cc438-40W
Mr. Kenneth Lewis

asked the Chancellor of the Exchequer what were the increases in public expenditure between 1960 and 1964 and between 1964 and 1968 on social security, education, health and welfare, and housing as defined in the Treasury's analysis of public expenditure in the 1969 Blue Book expressed at constant 1963 prices and excluding selective employment tax payments, the claw-back on the family allowance, and the increase in social security payments resulting from the higher average level of unemployment.

Mr. Diamond

Between 1964–65 and 1968–69 the increases were as follows:

£ million (1963 prices)
Social Security 688*
Education 307
Health and welfare 191
Housing 133
* Excluding the clawback on family allowances in 1968–69, but not the effect of changes in the level of unemployment in the period because of difficulty of estimation.

£ million
1959 1960 1961 1962 1963 1964
Gross trading profits of companies:
Total 3,317 3,736 3,643 3,595 4,108 4,601
After deduction of United Kingdom taxes on income (accruals)* 2,547 2,716 2,738 2,772 3,278 3,591
Gross trading profits of companies revalued at 1963 prices†:
Total 3,681 4,074 3,847 3,672 4,108 4,484
After deduction of United Kingdom taxes on income (accruals)* 2,827 2,962 2,891 2,831 3,278 3,500

1965 1966 1967‡ 1968‡ 1969§
Gross trading profits of companies:
Total 4,778 4,455 4,637 5,117 5,079
After deduction of United Kingdom taxes on income (accruals)* 4,100 3,280 3,341 3,532
Gross trading profits of companies revalued at 1963 prices†:
Total 4,478 4,032 4,043 4,355 4,204
After deduction of United Kingdom taxes on income (accruals)* 3,843 2,968 2,913 3,006
* Including tax on non-trading income and on income from abroad.
† Revalued by the price index for gross domestic product at factor cost.
‡ Excluding the nationalised steel companies from 28th July, 1967.
§ First three quarters, seasonally adjusted, at an annual rate.
Not available.

Progress has been made in overcoming the technical difficulties involved in converting into constant prices the expenditure on individual programmes for years before 1964–65. The figures for those years will be sent to the hon. Member as soon as they are available.

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