§ Mr. John Mooreasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing for each year since 1945 (a) in current prices (b) in constant 1970 prices and (c) in
506Wa table of comparable references at constant prices at intervals of six months over a period of the last six years the index numbers for total income from employment, income from rent, dividends and net interest, consumers' expenditure, the total cost of imported fuel oil, industrial production, the money stock (M3) and the public sector borrowing requirement, all relating to Great Britain.
§ Mr. Denzil DaviesFollowing is the information which relates to the United Kingdom:
constant 1976 prices, the total amount of interest payable on the Government's debt per head of population and per family.
§ Mr. Denzil Davies,pursuant to his reply [Official Report, 23rd June 1978; 507W Vol. 952, c. 349-50], gave the following information:
There is no specific price index for converting payments of debt interest to a constant price basis. In order to give a rough indication of the changes in payments in real terms the current price values have been revalued by the index for changes in the internal purchasing power of the pound. Figures for the years 1946 to 1977 are given in the table below. Comparable figures for 1945 are not available, nor is information on a per family basis. The figure for 1977 is provisional.
CENTRAL GOVERNMENT PAYMENTS OF DEBT INTEREST £ per capita Current prices Constant 1970 prices Constant 1976 prices 1946 9.9 24.6 52.8 1947 10.5 24.4 52.4 1948 10.2 22.0 47.3 1949 10.0 21.2 45.6 1950 10.0 20.5 44.1 1951 10.8 20.4 43.9 1952 12.0 21.2 45.6 1953 12.5 21.8 46.9 1954 12.4 21.3 45.9 1955 13.8 22.8 49.0 1956 14.0 22.2 47.8 1957 13.6 20.9 44.9 1958 15.0 22.4 48.1 1959 14.8 22.0 47.2 1960 16.3 24.0 51.6 1961 16.9 24.2 51.9 1962 16.4 22.6 48.5 1963 17.3 23.4 50.4 1964 17.3 22.7 48.8 1965 17.8 22.3 47.9 1966 19.0 22.8 49.1 1967 20.1 23.6 50.7 1968 22.5 25.2 54.2 1969 23.1 24.6 52.9 1970 23.4 23.4 50.2 1971 24.8 22.7 48.8 1972 28.5 24.3 52.2 1973 32.3 25.3 54.3 1974 39.0 26.3 56.5 1975 48.1 26.1 56.1 1976 65.1 30.3 65.1 1977 81.7 32.8 70.5 Source: National accounts estimates. * Before deducting receipts of interest on lending to other sectors.