§ Mr. Nottasked the Chancellor of the Exchequer whether he will list all the increased expenditure on job creation and the labour market, announced since the 1975 Budget, both in gross terms, and in net terms, i.e. after direct tax and national insurance has been deducted from the gross sum, and having offset the expenditure saved on unemployment benefit, supplementary benefit, redundancy payments and PAYE refunds.
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§ Mr. Joel Barnett,pursuant to his reply [Official Report, 19th February 1976; Vol. 905, c. 783], gave the following information:
Since the last Budget the increased expenditure which my right hon. Friend has announced on job creation, temporary employment subsidy, school leaver subsidy, training, mobility, community industry and construction amounts to £270 million. After allowing for tax and national insurance flowbacks and unemployment and supplementary benefit savings the net cost to the Exchequer is estimated to be of the order of £120 million. But it must be recognised that calculations of net Exchequer cost are subject to a wide margin of error. They are sensitive inter alia to the circumstances of the individuals affected, the duration of the jobs preserved or created by the individual measures, and the net extra number of jobs preserved or created by each measure.