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Mr. Viggers
asked the Chancellor of the Exchequer if he will explain in the Official Report how the costs of abandoning offshore oil and gas platforms are treated for taxation purposes.
| Industrial production (1) | General government expenditure (2) | Average earnings (3) | Income tax receipts (4) | Customs and Excise receipts (5) | Retail prices (6) | |||
| 1970 | … | … | 100 | 100 | 100 | 100 | 100 | 100 |
| 1971 | … | … | 100 | 112 | 111 | 110 | 104 | 109 |
| 1972 | … | … | 102 | 126 | 126 | 114 | 111 | 117 |
| 1973 | … | … | 110 | 146 | 143 | 128 | 128 | 128 |
| 1974 | … | … | 105 | 187 | 168 | 169 | 148 | 148 |
| 1975 | … | … | 100 | 247 | 212 | 255 | 177 | 184 |
| 1976 | … | … | 102 | 280 | 245 | 298 | 209 | 215 |
| 1977 | … | … | 106 | 297 | 270 | 313 | 245 | 249 |
| 1978 | … | … | 110 | N.A. | 309 | N.A. | N.A. | 269 |
| N. A. =Not available. | ||||||||
| (1) Index providing a general measure of changes in the volume of industrial production; annual averages based on average 1975=100 rescaled to 1970=100. Source: Monthly Digest of Statistics. | ||||||||
| (2) At current prices. Source: National accounts. | ||||||||
| (3) Index of average earnings ("older series" covering production industries and some services); annual averages based on January 1970=100 rescaled to 1970=100. Source: Department of Employment Gazette. | ||||||||
| (4) Annual receipts by central government of income tax as recorded in the national accounts. Surtax, profits tax, corporation tax and employees national insurance, etc., contributions are excluded. Source: National accounts. | ||||||||
| (5) Annual receipts by central government of customs and excise duties as recorded in the national accounts. Source: National accounts | ||||||||
| (6) Index of retail prices; annual averages based on January 1974=100 rescaled to 1970=100. Source: Department of Employment Gazette. | ||||||||