§ Mr. Hal Millerasked the Chancellor of the Exchequer what was the cost in terms of revenue forgone per annum of the tax reductions introduced since May 1979; and if he will list those reductions.
§ Mr. RidleyI shall let my hon. Friend have a reply as soon as possible.
§ Mr. Dobsonasked the Chancellor of the Exchequer what proportion of central Government tax revenue has been met by direct taxation of the corporate sector in each of the last five years; and what is his estimate for this year and next year in each case excluding income from petroleum revenue tax.
General Government Expenditure £ million 1977–78 1978–79 1979–80 1980–81 1981–82 Total current expenditure of which 57,116 65,637 79,122 96,361 109,784 subsidies 3,282 3,827 4,660 5,667 5,658 Current grants 17,163 20,333 24,097 28,362 34,183 Debt interest 6,493 7,581 9,786 11,857 13,811 Total current expenditure 30,178 33,896 40,579 50,475 56,132 less transfers Total capital expenditure of which 6,596 6,587 7,509 8,095 7,062 Grants and other transfers 1,762 1,833 1,983 2,338 2,686 Total capital expenditure 4,834 4,754 5,526 5,757 4,376 less grants and transfers Source: National Accounts.
Figures on income transfers to households of different types and at different levels of income are published annually in Economic Trends; the latest figures are for 1981 and appear in the December 1982 edition of the publication.