HC Deb 25 March 1977 vol 928 cc719-21W
Mr. Lawson

asked the Chancellor of the Exchequer if, pursuant to the Written Answer provided to the hon. Member for Nelson and Colne (Mr. Hoyle) on 21st March, Official Report, c. 401 –402W, he will publish a breakdown of the invisible earnings for the years 1970 to 1976, in-,

£ million
Public Sector Private sector
Credits Debits Net Credits Debits Net
1970 71 328 -257 1,375 562 813
1971 109 302 -193 1,369 676 693
1972 179 306 -127 1,553 900 653
1973 207 384 -177 2,685 1,165 1,520
1974 278 608 -330 2,889 1,226 1,663
1975 315 820 -505 2,644 1,219 1,425
1976 310 949 -639 3,288 1,563 1,725

Mr. Lawson

asked the Chancellor of the Exchequer if, pursuant to the Written Answer provided for the hon. Member for Nelson and Colne (Mr. Hoyle) on 21st March, Official Report, columns 401 –2, he will publish a breakdown of the invisible earnings for the years 1970 to 1976, inclusive, attributed to other services by providing separate tables for financial services and non-financial services; and if he will further publish a breakdown of each of these two subdivisions into its major components such as banking, insurance and construction.

Mr. Robert Sheldon

, pursuant to his reply [Official Report, 24th March 1977], gave the following information:

ployed by the Inland Revenue on 1st January 1977; and how many were employed on the same date in each of the five preceding years.

Mr. Robert Sheldon

, pursuant to his reply [Official Report, 24th March 1977], gave the following information:

clusive attributed to interest, profits and dividends by providing separate tables for public-sector interest, profits and dividends and private-sector interest, profits and dividends.

Mr. Robert Sheldon

, pursuant to his reply [Official Report, 24th March 1977], gave the following information:

The information is given below:

Details of the credits and debits for each component of "other services "for the years 1970 –75 were published last September in Table 12 of" United Kingdom Balance of Payments 1965 –75". As reported in the Press Notice containing the first balance of payments estimates for the year 1976—a copy of which is available in the Library—earnings from financial and allied services in 1976 totalled £935 million, compared with a total now estimated at £755 million in 1975. Earnings from construction work overseas were £476 million in 1976. Full details for 1976 will be given in "United Kingdom Balance of Payments 1966 –76" which will include firmer estimates for each component than are now available.

Mr. Lawson

asked the Chancellor of the Exchequer if he will provide a breakdown of the United Kingdom's invisible earnings for the years from 1970 to 1976, inclusive, by providing separate tables showing the total of credits, debits, and net balance for each year (a) for the private sector, and (b) for the public sector.

£ million
SERVICES
Government Private (including public corporations)
Credits Debits Net Credits Debits Net
1970 51 360 -309 3,317 2,595 722
1971 59 378 -319 3,798 2,954 844
1972 72 427 -355 4,066 3,137 929
1973 104 518 -414 5,036 3,933 1,103
1974 110 653 -543 6,403 4,946 1,457
1975 139 767 -628 7,234 5,506 1,728
1976 210 970 -760 9,148 6,448 2,700
INTEREST PROFITS AND DIVIDENDS
Public sector (including public corporations) Private sector
Credits Debits Net Credits Debits Net
1970 71 328 -257 1,375 562 813
1971 109 302 -193 1,369 676 693
1972 179 306 -127 1,553 900 653
1973 207 384 -177 2,685 1,165 1,520
1974 278 608 -330 2,889 1,226 1,663
1975 315 820 -505 2,644 1,219 1,425
1976 310 949 -639 3,288 1,563 1,725
TRANSFERS
Government Private
Credits Debits Net Credits Debits Net
1970 0 177 -177 192 226 -34
1971 0 205 -205 215 228 -13
1972 0 210 -210 231 288 -57
1973 63 422 -359 295 386 -91
1974 130 450 -320 355 441 -86
1975 363 742 -379 395 476 -81
1976 221 1,017 -796 420 481 -61
* The headings "Government" and "Public sector" reter to the Government and public sectors of the United Kingdom. Transactions between foreign Governments—e.g., through their embassies in London—and the United Kingdom private sector are included under "Private".