§ Mr. Leadbitterasked the Chancellor of the Exchequer if he will make a statement on the balance of trade between the United Kingdom and the rest of the EEC countries, the volume and value of the imports and exports on the United Kingdom's total financial contribution to the EEC and the total financial benefit in grants and loans to the United Kingdom since 1974.
§ Mr. Joel BarnettThe information is as follows:
1978; Vol. 958, c. 174], gave the following answer:
Following is the information:
"Your Parliamentary Question for 24th October
'to ask the Chancellor of the Exchequer if he will update his Written Answer to the hon. Member for Norfolk South, (Mr. MacGregor) concerning income tax yields, Official Report, 26th January, so as to include complete figures for 1977–78 and best estimates for 1978–79'has required a good deal of background work in order to produce a reply. It is becuse of this that there has been some delay.
The attached table sets out the updated figures. A slightly wider definition of total tax revenue has been used than before, so as to be consistent with answers given to the hon. Member's other Questions of the same date. No figure is yet available for the growth in RPI in. 1978–79 compared with 1977–78."
327W
328W
YIELD OF INCOME TAX AND TOTAL TAX REVENUE £ million Income Tax* Total Central Government Taxation† Total General Government Taxation‡ Actuall estimated yield Yield if tax had risen in line with RPI Actuall estimated yield Yield if tax had risen in line with RPI Actuall estimated yield Yield if tax had risen in line with RPI 1973–74 … … 7,550 — 18,155 — 20,865 — 1974–75 … … 11,045 8,900 23,360 21,390 26,605 24,575 1975–76 … … 15,110 11,090 28,635 26,670 32,840 30,650 1976–77 … … 17,055 12,780 33,070 30,740 37,675 35,320 1977–78 … … 17,080 14,570 37,440 35,040 42,845 40,265 1978–79 (estimate) … … 18,740 — 42,670 — 43,700 — * After deducting tax credits on dividends. † Central Government total tax revenue comprises taxes on income, taxes on expenditure and taxes on capital. ‡General Government total tax revenue comprises central government revenue plus local authority rates. National insurance contributions have been excluded from all columns.