§ Mr. Meacherasked the Chancellor of the Exchequer what he estimates will be
160W
AUTHORISATION FOR PURCHASE AND SALE OF PROPERTY FOR PRIVATE OCCUPATION (INCLUDING HOUSES, VILLAS, FLATS, CARAVAN SITES, BUILDING LAND AND MOORINGS) Purchases Sales Balance of authorised Amount authorized Amount authorized purchase(-) over sales(+) 1969 £ £ £ France … … 848,933 823,322 - 25,611 Germany … … 1,749 118,253 +116,504 Belgium … … Nil 110,051 +110,051 Luxembourg … … Nil Nil — Netherlands … … Nil 45,632 45,632 Italy … … 548,871 400,903 -147,968 Total E.E.C. … … 1,399,553 1,498,161 + 98,608 1970 £ £ £ France … … 931,850 373,708 -558,142 Germany … … Nil 282,341 + 282,341 Belgium … … 80 39,304 +39,224 Luxembourg … … Nil Nil — Netherlands … … 3,355 34,552 +31,227 Italy … … 193,136 220,799 + 27,663 Total E.E.C. … … 1,128,421 950,734 -177,687 the change in the Gini coefficient of concentration in wealth as a result of the implementation of measures he announced in the Budget statement.
§ Mr. HigginsA meaningful estimate cannot be made since calculations would have to be based on a number of arbitrary assumptions about the effect of the Budget measures, including future tax reforms, on the concentration of wealth.