§ Mr. Frank Allaunasked the Secretary of State for Defence what would be the cost at 1913 prices of Her Majesty's Government military expenditure in 1977–78 expressed in pounds sterling and United States dollars; and what is the total military expenditure proposed for 1977–78 at current prices.
§ Mr. MulleyThe defence Budget Estimates for 1977–78 as shown in Cmnd. 6735 total £6,329 million. It is not practicable to revalue this figure to 1913 prices.
There are no offset arrangements with the United States Government.
Average Exchange Rate Government-to-Government Payments (Forecast outturn) Private Expenditure by US Forces and their dependants (Estimates) £l:US$ £m. US$m. £m. US$m. 1958–59 … … 2.81 * * 43 121 1959–60 … … 2.81 * * 40 112 1960–61 … … 2.81 * * 44 124 1961–62 … … 2.81 * * 40 112 1962–63 … … 2.81 * * 38 107 1963–64 … … 2.80 * * 35 98 1964–65 … … 2.79 * * 29 81 1965–66 … … 2.80 * * 28 78 1966–67 … … 2.79 * * 33 92 1967–68 … … 2.65 10 27 30–35 80–93 1968–69 … … 2.39 13 31 At least At least 35 84 1969–70 … … 2.39 18 43 At least At least 50 120 1970–71 … … 2.40 17 41 60 144 1971–72 … … 2.49 17 42 75 187 1972–73 … … 2.46 16 39 79 194 1973–74 … … 2.42 16 39 72 174 1974–75 … … 2.37 18 43 80 190 1975–76 … … 2.12 24 51 90 191 * Statistics not available.