§ 87. Mr. Fryasked the Chancellor of the Exchequer what his Department estimates will be the scope for reducing
£ million 1960–61 1961–62 1962–63 1963–64 1964–65 Residuary Share of Reserved Taxation 81.9 90.6 94.8 108.7 125.1 Social Services Agreement Act 1949 7.0 6.8 7.0 7.0 9.0 Remoteness Grants, Agriculture Act 1957 1.1 0.9 1.1 1.5 0.8 Regional Employment Premium, Finance Act 1967 — — — — — Total 90–0 98.3 102.9 117.2 134.9
£million 1965–66 1966–67 1967–68 1968–69 1969–70 Residuary Share of Reserved Taxation 138.0 151.1 171.3 194.8 226.9 Social Services Agreement Act 1949 9.5 10.3 10.3 19.4 16.0 Remoteness Grants, Agriculture Act 1957 1.3 1.6 1.8 1.7 1.7 Regional Employment Premium, Finance Act 1967 — — 3.7 9.3 10.0 Total 148.8 163.0 187.1 225.2 254.6 The residuary share of reserved taxation is based on the taxation raised in Northern Ireland. Together with the revenue from transferred sources, it forms the bulk of the revenue of the Northern Ireland Exchequer and as such its allocation is the responsibility of the Northern Ireland Government.
The payments made under specific agreements however are related to objects set out in the relevant legislation.
It may be noted that the National Insurance Fund for Northern Ireland also receives balancing transfers from the Great Britain Fund.
298Wtax rates in 1971–72 and 1972–73, assuming the Government's present policies continue unchanged.
§ Mr. Taverne:The Budget judgments for 1971 and 1972 will be made in the light of forecasts of the developing economic situation.