§ Mr. Pardoeasked the Chancellor of the Exchequer how much of the surplus of Exchequer revenue over expenditure in each year from 1964–65 to 1971–72 has been, or will be, lent to local authorities, to nationalised industries, or to other bodies within the United Kingdom.
§ Mr. HigginsThe figures for 1971–72 are not yet available; figures of net lending for the other years are as follows:
Year Local Authorities Nationalised Industries Other Bodies £ million £ million £ million 1964–65 209 565 6 1965–66 525 590 99 1966–67 518 813 121 1967–68 347 1,199 103 1968–69 469 725 161 1969–70 525 734 186 1970–71 (estimate) 735 536 287
§ Mr. Pardoeasked the Chancellor of the Exchequer if he will give the Budget estimates and the out-turn for Exchequer revenue, expenditure, and surplus in each year from 1964–65 to 1969–70.
§ Mr. HigginsThe following figures reflect the classification adopted at the time of each Budget and are not, therefore, entirely consistent throughout the period. Those for 1968–69 and 1969–70 are classified in conformity with the National Loans Act 1968.
438W
Year Revenue Expenditure Surplus £ million £ million £ million 1964–65— Estimate* 7,880 7,792 88 Outturn 8,157 7,713 444 1965–66— Estimate 9,026 8,482 544 Outturn 9,145 8,456 689 1966–67— Estimate 10,519† 9,472† 1,047 Outturn 10,279 9,541 738 1967–68— Estimate 11,704 11,067 637 Outturn 11,855 11,525 330 1968–69— Estimate 12,875 11,489 1,386 Outturn 13,363 11,615 1,748 1969–70— Estimate 15,008 12,551 2,457 Outturn 15,266 12,822 2,444 * Estimates revised to conform with the amended classification introduced in the 1965 Budget. † Adjusted to show the gross effect of the introduction of Selective Employment Tax and the related refunds, premium payments, etc.
§ Mr. Pardoeasked the Chancellor of the Exchequer if he will give the Budget estimate and his latest estimate of the Exchequer revenue, expenditure, and surplus in 1970–71.
§ Mr. HigginsThe Budget estimates for 1970–71 included Consolidated Fund revenue of £16,124 million, expenditure of £13,526 million and a surplus for transfer to the National Loans Fund of £2,598 million. This is the latest published estimate.