§ Mr. David Howellasked the Chancellor of the Exchequer what are his approximate estimates of the supply and use of resources in 1975, if necessary based on trends in the first six or nine months of the year, using the classification of economic activities of table 1.1 of Command Paper No. 5879.
§ Mr. Joel BarnettThe supply and use of resources is estimated for complete calendar years only and not for part years.
£ million, demand terms at 1970 factor cost prices‡ 1970 1971 1972 1973 A. Supply of Resources: (1) Gross Domestic Product 43,200 43,700 44,900 47,200 (2) Net flow of resources out of balance of trade in goods and services -100 300 -500 -800 (3) Available for Domestic use 43,300 43,400 45,400 48,000 B. Domestic use of Resources: (1) Private Investment including stock building* 4,700 4,000 4,200 5,300 (2) Nationalised Industry Investment including stock building 1,400 1,500 1,300 1,300 (3) Public Expenditure:† (a) Public consumption 8,400 8,700 9,000 9,400 (b) Public Investment† 2,300 2,300 2,400 2,300 (c) Total direct Public Expenditure 10,700 11,000 11,400 11,700 (d) Indirect Public Expenditure 4,700 4,700 5,300 5,600 (e) Total Public Expenditure 15,400 15,700 16,700 17,300 (4) Personal Consumption: (a) Privately Financed 21,800 22,200 23,100 24,100 (b) Publicly financed 4,700 4,700 5,300 5,600 (c) Total 26,500 26,900 28,400 29,700 * Excluding private investment in housing, which is included with personal consumption. † Excluding nationalised industry investment. ‡ Totals do not sum exactly because of rounding.