§ Mr. David Howellasked the Chancellor of the Exchequer if he will publish indices (1950=100) of the Government's net lending and other public sector transfer payments (a) at current market prices and (b) in constant prices, deflated by the GDP price deflator for 1946 to 1974.
§ Mr. Joel BarnettIndices (1950=100) of public sector transfer payments, including net lending, for the period 1950 to 1974, at current prices and deflated by the deflator of GDP at market prices, were given in replies to the hon. Member for Norfolk, North (Mr. Howell) on 17th October 1975—Vol. 897, c.830–2]—and on 3rd November 1975—[Vol. 899, c. 2–3]—respectively. Indices for the years 1946 to 1949 are given in the table below.
PUBLIC SECTOR TRANSFER PAYMENTS (INCLUDING NET LENDING) 1950=100 At current prices Deflated* 1946 109.1 ..[...] 1947 109.6 ..[...] 1948 104.5 108.4 1949 101.3 102.7 * By the deflator of gdp at market prices (not available for 1946 and 1947). In the reply on 17th October, the index number for 1970 should have read 429.2, not 492.2.