§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what has been the annual increase since 1970 for each of the principal industrial countries, plus Canada and Sweden in the savings ratio; and how this compares with the increase in manufacturing output, the money supply and wholesale and retail prices.
ANALYSIS OF DEBT INTEREST FIGURES IN CMND. 7746 £ million, 1979 survey prices 1978–79 1979–80 1980–81 outturn projection projection Total public sector debt interest payments … 9,900 9,900 9,800 less: Public corporations* debt interest payments to the private sector and overseas … … 733 600 500 General government interest receipts from public corporations*, the private sector and overseas … … … … … … 2,513 2,600 2,300 Interest provision from trading activities of certain public corporations† and general government … … … … … 3,433 3,400 3,400 Interest support costs … … … … 300 200 400 equals: Debt interest on a White Paper basis … … 2,921 3,100 3,200 * Other than certain public corporations, listed on page 249 of Cmnd. 7439. † Interest payments to general government and private sector and overseas.
§ Mr. Denzil Daviesasked the Chancellor of the Exchequer how much of the increase of £117 million, at 1979 survey prices, on expenditure on industry, energy, trade and employment is applicable separately to each of these items.
§ Mr. BiffenThe information is as follows:
£ million at 1979 survey prices Industry -63 Energy +10 Trade +149 Employment +21 As stated in Cmnd. 7746, the increase in trade follows the once-for-all reduction achieved in 1979–80 by the Trustee Savings Bank taking over some £200 million of outstanding refinance.
540W
§ Mr. LawsonI regret that this information cannot be provided without a disproportionate expenditure of time and resources.