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Budget (Price Effects)

Volume 891: debated on Monday 28 April 1975

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asked the Chancellor of the Exchequer what were the assumptions used for the 1975–76 Financial Statement about the size of the relative price effect; and if they were the same as those used for the Public Expenditure White Paper Command Paper No. 5879.

The Budget estimates were not constructed on a given

Public expenditure at market prices—
GDP price index at factor cost100·0104·4113·3125·8137·6149·4175·7

asked the Chancellor of the Exchequer if he will publish a table in the Official Report showing indices of public expenditure in Wales and in the United Kingdom, and distinguishing between central Government expenditure, expenditure by the nationalised industries, and expenditure by the local authorities for each year since 1960.

assumption about the relative price effect but incorporate estimates of prices in 1975–76, talking into account the effect of measures announced in the Budget. The implied relative price effect could, therefore, be somewhat different from that shown in the public Expenditure White Paper.