§ Mr. Hoyleasked the Chancellor of the Exchequer what was the total of invisible earnings for the years from 1970 to 1976; and if he will break these down into sections to show the amount earned or lost for each year under the different types of invisible earnings.
§ Mr. Robert SheldonThe information requested is given in the table below. It will be published in the March issue of Economic Trends which will be available in the Library.
GOVERNMENT SERVICES £ million Credits Debits Net 1970 51 360 -309 1971 59 378 -319 1972 72 427 -355 1973 104 518 -414 1974 110 653 -543 1975 139 767 -628 1976 210 970 -760
SEA TRANSPORT £ million Credits Debits Net 1970 1,361 1,437 -76 1971 1,618 1,672 -54 1972 1,610 1,687 -77 1973 2,058 2,159 -101 1974 2,675 2,780 -105 1975 2,648 2,636 12 1976 3,088 3,139 -51
CIVIL AVIATION £ million Credits Debits Net 1970 316 266 50 1971 354 297 57 1972 410 333 77 1973 480 396 84 1974 625 529 96 1975 779 648 131 1976 1,050 780 270
TRAVEL £ million Credits Debits Net 1970 432 382 50 1971 486 439 47 1972 546 527 19 1973 681 682 -1 1974 837 683 154 1975 1,111 875 236 1976 1,619 990 629 402W
OTHER SERVICES £ million Credits Debits Net 1970 1,208 510 698 1971 1,340 546 794 1972 1,500 590 910 1973 1,817 696 1,121 1974 2,266 954 1,312 1975 2,696 1,347 1,349 1976 3,391 1,539 1,852
INTEREST PROFITS AND DIVIDENDS £ million Credits Debits Net 1970 1,446 890 556 1971 1,478 978 500 1972 1,732 1,206 526 1973 2,892 1,549 1,343 1974 3,167 1,834 1,333 1975 2,959 2,039 920 1976 3,598 2,512 1,086
GOVERNMENT TRANSFERS £ million Credits Debits Net 1970 0 177 -177 1971 0 205 -205 1972 0 210 -210 1973 63 422 -359 1974 130 450 -320 1975 363 742 -379 1976 221 1,017 -796
PRIVATE TRANSFERS £ million Credits Debits Net 1970 192 226 -34 1971 215 228 -13 1972 231 288 -57 1973 295 386 -91 1974 355 441 -86 1975 395 476 -81 1976 420 481 -61
TOTAL INVISIBLES £ million Credits Debits Net 1970 5,006 4,248 758 1971 5,550 4,743 807 1972 6,101 5,268 833 1973 8,390 6,808 1,582 1974 10,165 8,324 1,841 1975 11,090 9,530 1,560 1976 13,597 11,428 2,169