§ Mr. Luardasked the Chancellor of the Exchequer what was the annual rate of increase of public expenditure in real terms between 1970 and 1974, and what is the estimated rate of increase between 1974 and 1978.
§ Mr. Joel BarnettThe annual average rate of increase of public expenditure in volume terms between 1970–71 and 1974–75 was 5.4 per cent. The rate of increase to 1978–79 will be affected by the annual review of public expenditure programmes which is now in progress. The outcome of this reappraisal will be published in the annual public expenditure White Paper later in the year.