HL Deb 04 March 1986 vol 472 cc169-70WA
Lord Williams of Elvel

asked Her Majesty's Government:

What the annual financial year expenditure on public sector capital goods and services has been, in real terms, for each year since 1974–75; and what the spending plans are over the next three financial years, using the conventional national accounts definition of defence capital spending rather than the NATO definition.

The Secretary of State for Employment (Lord Young of Graffham)

Figures of public sector capital spending on goods and services using the national accounts definition of defence capital spending instead of the NATO definition, are as follows:

£ billion, real terms (base year 1984–85)
1974–75 1975–76 1976–77 1977–78 1978–79
21.0 21.7 20.4 16.5 14.5
1979–80 1980–81 1981–82 1982–83 1983–84
14.7 13.8 12.7 13.3 13.4
1984–85 1985–86 1986–87 1987–88 1988–89
13.0 12.6 11.9 11.3 11.0
Notes:
(1) The figures exclude those nationalised industries which have been, or are being, privatised.
(2) The figures for 1986–87, 1987–88 and 1988–89 make no allowance for allocations to capital spending from the Reserve.