§ Mr. Viggersasked the Chancellor of the Exchequer if he will explain in the Official Report how the costs of abandoning offshore oil and gas platforms are treated for taxation purposes.
Industrial production (1) General government expenditure (2) Average earnings (3) Income tax receipts (4) Customs and Excise receipts (5) Retail prices (6) 1970 … … 100 100 100 100 100 100 1971 … … 100 112 111 110 104 109 1972 … … 102 126 126 114 111 117 1973 … … 110 146 143 128 128 128 1974 … … 105 187 168 169 148 148 1975 … … 100 247 212 255 177 184 1976 … … 102 280 245 298 209 215 1977 … … 106 297 270 313 245 249 1978 … … 110 N.A. 309 N.A. N.A. 269 N. A. =Not available. (1) Index providing a general measure of changes in the volume of industrial production; annual averages based on average 1975=100 rescaled to 1970=100. Source: Monthly Digest of Statistics. (2) At current prices. Source: National accounts. (3) Index of average earnings ("older series" covering production industries and some services); annual averages based on January 1970=100 rescaled to 1970=100. Source: Department of Employment Gazette. (4) Annual receipts by central government of income tax as recorded in the national accounts. Surtax, profits tax, corporation tax and employees national insurance, etc., contributions are excluded. Source: National accounts. (5) Annual receipts by central government of customs and excise duties as recorded in the national accounts. Source: National accounts (6) Index of retail prices; annual averages based on January 1974=100 rescaled to 1970=100. Source: Department of Employment Gazette.