HC Deb 22 January 1979 vol 961 c26W
Mr. Tebbit

asked the Chancellor of the Exchequer if he will give the total Government revenue from all taxes and national insurance contributions in 1978, expressed in terms of 1976 prices.

Mr. Robert Sheldon

, pursuant to his reply [Official Report, 18 January 1979; Vol. 860, c. 868], gave the following information:

Figures for the whole of 1978 are not yet available. In the first three quarters of 1978 total Government revenue from all taxes and national insurance contributions was £33,800 million in 1976 prices. An estimate for 1978–79 was given in a reply to the hon. Member for Blaby (Mr. Lawson)—[official Report, 16 November 1978: c. 325]; in 1976 prices this would be £37,800 million. In both cases the current prices values have been deflated by the growth, since 1976, in the implicit price index for GDP at market prices.