§ Mr. Doverasked the Chancellor of the Exchequer what was the level of gross domestic fixed capital spending by (a) central Government, (b) local Government and (c) public corporations expressed in (i) current prices, (ii) 1980 prices, in 1970, 1975, 1979, 1980, 1981, 1982 and 1983, giving in each case corrections for off-setting capital receipts.
§ Mr. Peter ReesAll the estimates of gross domestic fixed capital formation relate to purchases less sales of assets: the term gross indicates that no deduction has been made to allow for capital consumption. The information requested is shown in the following tables.
less sales". It is not possible to separate the transactions for second-hand and new capital for most assets, or to 43W construct estimates for either the total purchases or total sales components of GDFCF. However, purchases less sales of land and existing buildings by the public sectors, including particularly the sales of council houses which
1970 1975 1979 1980 1981 1982 1983* (i) £ million at current prices (a) Central Government 18 26 16 -54 -52 -53 (-100) (b) Local government 184 601 -249 -621 -1,096 -2,251 (-1,850) (c) Public corporations 16 21 31 -143 69 52 (50) (ii) £ million at 1980 prices (a) Central Government 83 59 19 -54 -49 -51 (-100) (b) Local government 844 1,338 -282 -621 -1,021 -2,145 (-1,650) (c) Public corporations 107 68 42 -143 65 50 (50) * Estimates for the first three quarters expressed at an annual rate. All estimates reflect changes in the responsibilities of central and local government, and in the coverage of public corporations, over time.