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Mr. Watkinson
asked the Minister of Agriculture, Fisheries and Food what have been the increases in overall farm incomes between 1973 and 1976; and what has been the level of inflation during the same period.
Mr. Bishop
Information about United Kingdom farm net income in recent years was given in the 1976 Annual Review White Paper (Cmnd. 6392). The relevant information is as follows:
£ millions | |||
1972–73 | … | … | 866 |
1973–74 | … | … | 1,275 |
1974–75 | … | … | 1,263 |
1975–76 (forecast) | … | … | 1,357 |
Percentage change in RPI comparing consecutive June/May years | |||
1972–73–1973–74 | … | … | + 11·5 |
1973–74–1974–75 | … | … | + 19·2 |
1974–75–1975–76 | … | … | + 23·4 |