§ Mr. Lawrenceasked the Chancellor of the Exchequer, what has been the annual rate of growth in the economy in each of the past 10 years.
§ Mr. Joel BarnettThe average estimate of the rate of change of gross domestic product at constant factor cost for each year from 1967 to 1976 is as follows:
Per Cent. 1967 2.1 1968 4.0 1969 2.4 1970 1.9 1971 1.8 1972 2.4 1973 6.0 1974 -0.8 1975 -1.6 1976 2.1 The corresponding figure for 1977 is not yet available. It is forecast at ½ per cent.
§ Mr. Bakerasked the Chancellor of the Exchequer what average annual rates of growth in expenditure on goods and services, and public transfer payments, are implied by the expenditure plans in Cmnd. Paper No. 7049.
§ Mr. Joel BarnettThe average annual rates of growth between 1978–79 and 1981–82 on goods and services and public transfer payments—excluding net lending to nationalised industries and some other public corporations, debt interest and contingency reserve—are 1.1 per cent. and 1.0 per cent. respectively.