§
Mr. Timms
To ask the Chancellor of the Exchequer if he will make a statement about Tables B5, B8, B9 and B24 in the "Financial Statement and Budget Report". [37189]
§
Dawn Primarolo
There were some minor errors in these tables. Corrected versions are printed in the following tables. A corrected copy of Chart B2 has been placed in the Libraries of the House.
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| Table B9: General government receipts1 |
| £ billion |
|
Outturn 1996–97 |
Estimate 1997–98 |
Projection 1998–99 |
| Inland Revenue |
|
|
|
| Income tax (gross of tax credits) |
71.5 |
79.4 |
86.1 |
| Income tax credits |
–2.6 |
–2.9 |
–1.9 |
| Corporation tax2 |
27.8 |
30.5 |
30.0 |
| Windfall tax |
— |
2.6 |
2.6 |
| Petroleum revenue tax |
1.7 |
1.1 |
0.5 |
| Capital gains tax |
1.1 |
1.4 |
2.2 |
| Inheritance tax |
1.6 |
1.7 |
1.9 |
| Stamp duties |
2.5 |
3.4 |
4.6 |
| Total Inland Revenue (net of tax credits) |
103.6 |
117.2 |
126.0 |
| Customs and Excise |
|
|
|
| Value added tax |
46.7 |
51.0 |
53.3 |
| Fuel duties |
17.2 |
19.1 |
21.5 |
| Tobacco duties |
8.0 |
8.3 |
8.9 |
| Spirits duties |
1.6 |
1.5 |
1.6 |
| Wine duties |
1.3 |
1.4 |
1.5 |
| Beer and cider duties |
2.8 |
2.8 |
2.9 |
| Betting and gaming duties |
1.4 |
1.5 |
1.6 |
| Air passenger duty |
0.4 |
0.5 |
0.7 |
| Insurance premium tax |
0.7 |
1.0 |
1.3 |
| Landfill tax |
0.1 |
0.4 |
0.4 |
| Customs duties and levies |
2.3 |
2.3 |
2.0 |
| Total Customs and Excise |
82.4 |
89.9 |
95.6 |
| Table B24: Historical series of government expenditure, receipts and deficits1 |
|
|
|
|
Per cent. of GDP |
|
| Year |
Public sector current balance |
Public sector financial deficit |
Public sector borrowing requirement |
General government financial deficit2 |
Net taxes and NICs3 |
General government receipts |
Control Total4 |
| 1970–71 |
7.0 |
–0.4 |
1.5 |
–2.4 |
— |
40.3 |
— |
| 1971–72 |
4.5 |
1.2 |
1.6 |
–0.6 |
— |
39.9 |
— |
| 1972–73 |
2.2 |
3.0 |
3.6 |
1.9 |
— |
37.9 |
— |
| 1973–74 |
1.1 |
4.6 |
5.8 |
3.5 |
— |
38.5 |
— |
| 1974–75 |
–0.4 |
6.7 |
9.0 |
4.3 |
— |
40.5 |
— |
| 1975–76 |
–1.2 |
7.3 |
9.2 |
4.9 |
— |
40.2 |
— |
| 1976–77 |
–0.7 |
5.7 |
6.4 |
4.4 |
— |
41.0 |
— |
| 1977–78 |
–0.9 |
4.4 |
3.6 |
3.5 |
— |
39.7 |
— |
| 1978–79 |
–1.8 |
4.9 |
5.3 |
4.1 |
33.0 |
38.7 |
— |
| 1979–80 |
–1.2 |
3.9 |
4.8 |
2.9 |
33.8 |
38.8 |
— |
| 1980–81 |
–2.8 |
4.9 |
5.3 |
3.9 |
35.5 |
40.7 |
— |
| 1981–82 |
–0.8 |
2.1 |
3.3 |
1.7 |
38.5 |
43.7 |
— |
| 1982–83 |
|
3.0 |
3.1 |
2.8 |
38.7 |
43.7 |
— |
| 1983–84 |
–1.8 |
3.8 |
3.1 |
3.8 |
37.9 |
42.9 |
— |
| 1984–85 |
–2.4 |
4.2 |
3.1 |
3.8 |
38.7 |
43.4 |
38.5 |
| 1985–86 |
–0.8 |
2.2 |
1.5 |
2.4 |
37.8 |
42.3 |
36 |
| 1986–87 |
–1.1 |
2.1 |
0.9 |
2.3 |
37.3 |
41.4 |
35.1 |
| 1987–88 |
0.1 |
0.7 |
–0.8 |
1.1 |
37.1 |
41.1 |
34.7 |
| 1988–89 |
2.0 |
–1.4 |
–3.0 |
–1.0 |
36.4 |
40.3 |
32.7 |
| 1989–90 |
2.0 |
–0.5 |
–1.5 |
0.1 |
36.0 |
40.1 |
33.7 |
| 1990–91 |
1.0 |
0.6 |
–0.1 |
0.9 |
36.7 |
39.3 |
34.5 |
| 1991–92 |
–1.3 |
3.2 |
2.4 |
3.2 |
35.7 |
38.3 |
36.5 |
| 1992–93 |
–5.3 |
7.6 |
6.0 |
7.5 |
34.1 |
36.7 |
38.0 |
| 1993–94 |
–6.0 |
7.8 |
7.1 |
7.8 |
33.5 |
35.9 |
37.5 |
| 1994–95 |
–4.6 |
6.3 |
5.3 |
6.2 |
34.6 |
36.9 |
36.4 |
| 1995–96 |
–3.4 |
4.9 |
4.4 |
5.1 |
35.6 |
38.0 |
35.8 |
| 1996–97 |
–2.7 |
3.6 |
3.0 |
3.9 |
36.0 |
38.1 |
34.5 |
| 1997–98 |
0.2 |
0.6 |
0.3 |
0.7 |
37.1 |
39.3 |
33.2 |
| 1998–99 |
0.7 |
0.2 |
0.3 |
0.1 |
37.7 |
39.6 |
33.0 |
| 1 Including windfall tax receipts and associated spending. |
| 2 GGFD on UK national accounts definition prior to 1996–97 and a Maastricht basis thereafter. |
| 3 As defined in Table B8. Figures are available on a consistent basis only for the years shown. |
| 4 Figures for the Control Total are available on a consistent basis only for the years shown. |
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| Table B9: General government receipts1 |
| £ billion |
|
Outturn 1996–97 |
Estimate 1997–98 |
Projection 1998–99 |
| Vehicle excise duties |
4.2 |
4.6 |
4.6 |
| Oil royalties |
0.7 |
0.5 |
0.3 |
| Business rates3 |
14.7 |
14.7 |
15.0 |
| Social security contributions |
47.1 |
50.5 |
53.7 |
| Council Tax |
10.1 |
11.1 |
11.6 |
| Other taxes and royalties4 |
7.9 |
7.6 |
7.2 |
| Net taxes and social security contributions |
270.5 |
295.9 |
314.0 |
| Interest and dividends |
5.2 |
5.1 |
4.5 |
| Gross trading surpluses and rent |
4.9 |
4.8 |
4.9 |
| Other receipts and accounting |
| adjustments5 |
5.8 |
7.3 |
6.7 |
| General government receipts |
286.4 |
313.1 |
330.1 |
| North Sea revenues6 |
3.6 |
3.4 |
2.6 |
| 1 On a cash basis. |
| 2 Includes advance corporation tax (net of repayments): (Outturn 1996–97) 11.9; (Estimate 1997–98) 11.8; (Projection 1998–99) 11.3. Also includes North Sea corporation tax after ACT set off, and corporation tax on gains. |
| 3 Includes district council rates in Northern Ireland. |
| 4 Net of bus fuel duty rebate (previously netted off excise duties). |
| 5 Includes accruals adjustments for index-linked gilts. |
| 6 North Sea corporation tax (before ACT set-off), petroleum revenue tax and royalties. |
|
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