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Mr. Ralph Howell
asked the Chancellor of the Exchequer what growth in total public expenditure he now expects in 1975; and what was the growth in 1973 and 1974.
Mr. Joel Barnett
I would refer the hon. Member to the White Paper on Public Expenditure to 1978–79 (Cmnd
| SUPERANNUATION AND PENSION FUNDS' HOLDINGS AT MARKET VALUE OF ORDINARY SHARES IN UNITED KINGDOM REGISTERED COMPANIES | ||||||||
| End 1966 | End 1973 | |||||||
| United Kingdom quoted companies | United Kingdom unquoted companies | Total | United Kingdom quoted companies | United Kingdom unquoted companies | Total | |||
| Private sector funds | 1,524 | 12 | 1,536 | 2,884 | 64 | 2,948 | ||
| Local authority funds | 225 | 0 | 225 | (575) | (15) | 590* | ||
| Other public sector funds | 420 | 0 | 420 | 1,324 | 16 | 1,340 | ||
| Total (A) | … | … | 2,169 | 12 | 2,181 | 4,783 | 95 | 4,878 |
| Total in issue (B) | … | 24,006 | 4,189 | 28,195 | 40,519 | † | † | |
| Percentage (A) to (B) | 9·0 | 0·3 | 7·7 | 11·8 | † | † | ||
| * Relates to 31st March 1974 and includes holdings of ordinary shares in overseas companies; division of holdings between quoted and unquoted roughly estimated. | ||||||||
| † Not available. | ||||||||
5879), published today, which provides figures for public expenditure from the financial years from 1969–70 to 1978–79. The growth rates, in volume terms, for the three financial years 1973–74, 1974–75 and 1975–76 are, respectively, 6 per cent., 7·4 per cent. and 1·4 per cent. The corresponding figures are not available for calendar years.