§ Mr. Nottasked the Chancellor of the Exchequer what are his estimates for the contributions of local authorities, nationalised industries and central Government to total government debt interest, as defined in successive Public Expenditure White Papers, for each of the financial years 1964–65 to 1975–76.
§ Mr. Joel BarnettThe following table shows public sector debt interest payments analysed by sub-sectors. The 659W nationalised industries are responsible for almost all of the figures shown for public corporations.
The contributions of the sub-sectors are defined as their payments to the private sector and abroad. Thus, the figures
PUBLIC SECTOR DEBT INTEREST PAYMENTS £ million, current prices Central Government Local Authorities Public Corporations Total Public Sector 1964–65 … … … 942 337 100 1,379 1965–66 … … … 971 397 102 1,470 1966–67 … … … 1,060 443 89 1,592 1967–68 … … … 1,171 497 143 1,811 1968–69 … … … 1,249 577 115 1,941 1969–70 … … … 1,269 682 115 2,066 1970–71 … … … 1,294 710 125 2,129 1971–72 … … … 1,465 717 120 2,302 1972–73 … … … 1,628 767 135 2,530 1973–74 … … … 1,917 1,031 306 3,254 1974–75 … … … 2,215 1,171 472 3,858 1975–76 forecast* … … 2,987 1,383 704 5,074 * Budget forecast as shown in Financial Statement and Budget Report, 1975–76, Table 5.