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Mr. Knox
asked the Chancellor of the Exchequer if he will publish in theOfficial Reporta table showing for each year since 1945 (a) public expenditure on fixed investment in terms of current prices, (b) public expenditure on fixed investment in terms of constant 1977 prices and (c) public expenditure on fixed investment as a proportion of gross domestic product.
Mr. Joel Barnett
The table is shown below. Information at current prices is available only from 1959 and at constant prices from 1965.
| PUBLIC EXPENDITURE ON FIXED INVESTMENT* | |||
| (a) | (b) | (c) | |
| At current prices£ million | At constant 1977 prices £ million | As a percentage of gross domestic product† Per cent. | |
| 1959 | 863 | n.a. | 3·6 |
| 1960 | 884 | n.a. | 3·5 |
| 1961 | 948 | n.a. | 3·5 |
| 1962 | 1,060 | n.a. | 3·7 |
| 1963 | 1,143 | n.a. | 3·8 |
| 1964 | 1,446 | n.a. | 4·4 |
| 1965 | 1,540 | 5,591 | 4·3 |
| 1966 | 1,747 | 6,019 | 4·6 |
| 1967 | 2,047 | 6,949 | 5·1 |
| 1968 | 2,263 | 7,300 | 5·2 |
| 1969 | 2,352 | 7,210 | 5·1 |
| 1970 | 2,581 | 7,422 | 5·1 |
| 1971 | 2,701 | 7,135 | 4·7 |
| 1972 | 2,858 | 6,817 | 4·5 |
| 1973 | 3,873 | 7,853 | 5·3 |
| 1974 | 4,970 | 7,903 | 6·0 |
| 1975 | 5,910 | 7,367 | 5·7 |
| 1976 | 6,509 | 7,040 | 5·3 |
| 1977 | 5,901 | 5,901 | 4·2 |
| *Fixed investment by central government, local authorities and certain public corporations listed in part 6 of Cmnd. 7049–11. | |||
| †At market prices. | |||