§ Mr. Ralph Howellasked the Chancellor of the Exchequer; further to the reply to the hon. Member for Norfolk, North on 17th October 1975, column 830–32, if he will show column (five Publish Sector Transfer Payments) at constant market prices.
§ Mr. Joel BarnettTransfer payments are not expressed at constant prices in the national accounts since there are no goods 3W and services obtained for them to be revalued. In the index shown below transfers have been deflated by the gross domestic product deflator.
Public Sector Transfer Payments(including net lending) deflated* 1950=100 1950 100 1951 97.6 1952 94.4 1953 94.5 1954 95.2 1955 99.6 1956 96.2 1957 97.3 1958 103.6 1959 107.9 1960 118.5 1961 126.2 1962 128.5 1963 133.7 1964 137.4 1965 149.1 1966 149.4 1967 170.4 1968 188.8 1969 188.8 1970 189.2 1971 190.4 1972 204.1 1973 227.0 1974 272.7 *By the deflator of gdp at market prices.
§ Mr. Ralph Howellasked the Chancellor of the Exchequer, further to his reply to the hon. Member for Norfolk, North on 21st October 1975, column 163–64, if he will show growth in industrial production at current market prices.
§ Mr. Denzil DaviesThe following table shows figures of the net output of the index of production industries at current factor cost. Figures are not available before 1960.
£ million 1960 10,894 1961 11,335 1962 11,688 1963 12,325 1964 13,522 1965 14,492 1966 15,044 1967 15,449 1968 16,560 1969 17,458 1970 19,033 1971 20,607 1972 23,067 1973 26,571 1974 29,566 Source: National Income and Expenditure 1964–74