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Income And Expenditure

Volume 464: debated on Tuesday 26 April 1949

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34.

asked the Chancellor of the Exchequer whether he will make a statement explaining the differences in Table 8 of Command Paper No. 7649 and Table 5 of Command Paper No. 7371, National Income and Expenditure of the United Kingdom, 1948 and 1947, respectively, which, among other things, gives the 1947 wages before Income Tax as 42 per cent. and 40 per cent., respectively, and the profits, interest and rent as 33 per cent. and 41 per cent., respectively.

The explanation lies in the titles of the two tables. Table 5 of Command Paper No. 7371 gives the allocation of private income from work and property: Table 8 of Command Paper No. 7649 deals with personal income only. The earlier table therefore includes (in interest, profits and rent) that part of the national income which is neither paid out to persons nor accrues to public authorities as net income from property. A minor cause of difference between the percentages is the inclusion of the pay of the Armed Forces in Table 8 of Command Paper No. 7649.

While I appreciate that reply, may I ask the Chancellor whether in this year's White Paper there is a table comparable with that of last year, which shows the figures?

If the hon. Member will put that question on the Order Paper, I will try to answer it.