§ Mr. Ovendenasked the Chancellor of the Exchequer what is his policy towards the extension for a further period of tax allowances for British residents with children overseas; and if he will make a statement.
§ Mr. Robert SheldonI shall let my hon. Friend have a reply as soon as possible.
Total personal income before tax Gross domestic product (income-based) (Current prices)(1) (Current prices) (2) (1975 prices) (3) Percentage change over preceding year Financial year— 1975–76 … … … … +23.9 +23.5 −0.8 1976–77 … … … … +14.7 +16.9 +3.4 1977–78 … … … … +11.4 +12.2 +1.2 1978–791st half* … … … +14.4 +14.0 +3.1 * Change over 1st half of 1977–78 financial year. Source: Derived from national income and expenditure data published in the January 1979 issue of Economic Trends. For consistency with the series for total personal income, the income-based measure of gross domestic product at current prices has been used to measure changes in the value of production of goods and services. Corresponding changes in the volume of production of goods and services are given in the third column of the table.