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Mr. Douglas Hogg
asked the Chancellor of the Exchequer whether he will provide estimates, for each financial year
| 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | |
| Industrial and commercial companies; net (1) increase in book value of stocks over the calendar year, | |||||||
| £million | 3600 | 6000 | 2500 | 5700 | 5400 | 4100 | 9100 |
| % | 23·1 | 31·5 | 10·1 | 20·5 | 16·3 | 10·7 | 21·3 |
| 1974–75 | 1975–76 | 1976–77 | 1977–78 | 1978–79 | 1979–80 | 1980–81 | |
| All companies; reduction in corporation tax receipts due to stock relief (2), | |||||||
| £ million | 750 | 1400 | 1250 | 1400 | 1350 | 1150 | 2000 |
| NOTES: (1) The figures quoted are estimates of the net increase in the book value of stocks for all industrial and commercial companies. Estimates of gross increases and decreases which give rise to stock relief and recoveries are not available. | |||||||
| (2) After allowing for stock relief recoveries; separate estimates of the effect of stock relief before recoveries are not available. I hope that it will be possible to give further information, including material bearing on (b) of my hon. Friend's Question, in the consultative document foreshadowed by my Right Honourable Friend the Chancellor of the Exchequer in his Budget Statement. | |||||||