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Mr. Pardoe
asked the Chancellor of the the Exchequer if he will publish in the Official Report a table showing the latest estimated cost of each central Government subsidy both on food and for the products of nationalised industries in the current financial year and showing these costs as a part of standard rate of income tax.
Mr. Dell
Following is the information:
Food subsidies | |
£ million | |
Bread | 63 |
Butter | 60 |
Cheese | 39 |
Flour | 5 |
Milk | 331 |
Tea | 17 |
Total | 515 |
Nationalised industries subsidies | |
1. Compensation for price restraint: | |
Electricity | |
England and Wales | 290 |
Scotland | 25 |
Gas | 25 |
Post Office | 300 |
Sub-total | 640 |
2. Other: | |
Rail | 370* |
Coal | 140 |
Total | 1,150 |
* Excluding capital grants. |