To ask the Chancellor of the Exchequer if he will make a statement about Tables B5, B8, B9 and B24 in the "Financial Statement and Budget Report". [37189]
There were some minor errors in these tables. Corrected versions are printed in the following tables. A corrected copy of Chart B2 has been placed in the Libraries of the House.
Table B9: General government receipts1
| |||
£ billion
| |||
Outturn 1996–97
| Estimate 1997–98
| Projection 1998–99
| |
Inland Revenue
| |||
| Income tax (gross of tax credits) | 71.5 | 79.4 | 86.1 |
| Income tax credits | –2.6 | –2.9 | –1.9 |
| Corporation tax2 | 27.8 | 30.5 | 30.0 |
| Windfall tax | — | 2.6 | 2.6 |
| Petroleum revenue tax | 1.7 | 1.1 | 0.5 |
| Capital gains tax | 1.1 | 1.4 | 2.2 |
| Inheritance tax | 1.6 | 1.7 | 1.9 |
| Stamp duties | 2.5 | 3.4 | 4.6 |
| Total Inland Revenue (net of tax credits) | 103.6 | 117.2 | 126.0 |
Customs and Excise
| |||
| Value added tax | 46.7 | 51.0 | 53.3 |
| Fuel duties | 17.2 | 19.1 | 21.5 |
| Tobacco duties | 8.0 | 8.3 | 8.9 |
| Spirits duties | 1.6 | 1.5 | 1.6 |
| Wine duties | 1.3 | 1.4 | 1.5 |
| Beer and cider duties | 2.8 | 2.8 | 2.9 |
| Betting and gaming duties | 1.4 | 1.5 | 1.6 |
| Air passenger duty | 0.4 | 0.5 | 0.7 |
| Insurance premium tax | 0.7 | 1.0 | 1.3 |
| Landfill tax | 0.1 | 0.4 | 0.4 |
| Customs duties and levies | 2.3 | 2.3 | 2.0 |
| Total Customs and Excise | 82.4 | 89.9 | 95.6 |
Table B24: Historical series of government expenditure, receipts and deficits1
| |||||||||
Per cent. of GDP
| |||||||||
Year
| Public sector current balance
| Public sector financial deficit
| Public sector borrowing requirement
| General government financial deficit2
| Net taxes and NICs3
| General government receipts
| Control Total4
| ||
| 1970–71 | 7.0 | –0.4 | 1.5 | –2.4 | — | 40.3 | — | ||
| 1971–72 | 4.5 | 1.2 | 1.6 | –0.6 | — | 39.9 | — | ||
| 1972–73 | 2.2 | 3.0 | 3.6 | 1.9 | — | 37.9 | — | ||
| 1973–74 | 1.1 | 4.6 | 5.8 | 3.5 | — | 38.5 | — | ||
| 1974–75 | –0.4 | 6.7 | 9.0 | 4.3 | — | 40.5 | — | ||
| 1975–76 | –1.2 | 7.3 | 9.2 | 4.9 | — | 40.2 | — | ||
| 1976–77 | –0.7 | 5.7 | 6.4 | 4.4 | — | 41.0 | — | ||
| 1977–78 | –0.9 | 4.4 | 3.6 | 3.5 | — | 39.7 | — | ||
| 1978–79 | –1.8 | 4.9 | 5.3 | 4.1 | 33.0 | 38.7 | — | ||
| 1979–80 | –1.2 | 3.9 | 4.8 | 2.9 | 33.8 | 38.8 | — | ||
| 1980–81 | –2.8 | 4.9 | 5.3 | 3.9 | 35.5 | 40.7 | — | ||
| 1981–82 | –0.8 | 2.1 | 3.3 | 1.7 | 38.5 | 43.7 | — | ||
| 1982–83 | 3.0 | 3.1 | 2.8 | 38.7 | 43.7 | — | |||
| 1983–84 | –1.8 | 3.8 | 3.1 | 3.8 | 37.9 | 42.9 | — | ||
| 1984–85 | –2.4 | 4.2 | 3.1 | 3.8 | 38.7 | 43.4 | 38.5 | ||
| 1985–86 | –0.8 | 2.2 | 1.5 | 2.4 | 37.8 | 42.3 | 36 | ||
| 1986–87 | –1.1 | 2.1 | 0.9 | 2.3 | 37.3 | 41.4 | 35.1 | ||
| 1987–88 | 0.1 | 0.7 | –0.8 | 1.1 | 37.1 | 41.1 | 34.7 | ||
| 1988–89 | 2.0 | –1.4 | –3.0 | –1.0 | 36.4 | 40.3 | 32.7 | ||
| 1989–90 | 2.0 | –0.5 | –1.5 | 0.1 | 36.0 | 40.1 | 33.7 | ||
| 1990–91 | 1.0 | 0.6 | –0.1 | 0.9 | 36.7 | 39.3 | 34.5 | ||
| 1991–92 | –1.3 | 3.2 | 2.4 | 3.2 | 35.7 | 38.3 | 36.5 | ||
| 1992–93 | –5.3 | 7.6 | 6.0 | 7.5 | 34.1 | 36.7 | 38.0 | ||
| 1993–94 | –6.0 | 7.8 | 7.1 | 7.8 | 33.5 | 35.9 | 37.5 | ||
| 1994–95 | –4.6 | 6.3 | 5.3 | 6.2 | 34.6 | 36.9 | 36.4 | ||
| 1995–96 | –3.4 | 4.9 | 4.4 | 5.1 | 35.6 | 38.0 | 35.8 | ||
| 1996–97 | –2.7 | 3.6 | 3.0 | 3.9 | 36.0 | 38.1 | 34.5 | ||
| 1997–98 | 0.2 | 0.6 | 0.3 | 0.7 | 37.1 | 39.3 | 33.2 | ||
| 1998–99 | 0.7 | 0.2 | 0.3 | 0.1 | 37.7 | 39.6 | 33.0 | ||
1 Including windfall tax receipts and associated spending. | |||||||||
2 GGFD on UK national accounts definition prior to 1996–97 and a Maastricht basis thereafter. | |||||||||
3 As defined in Table B8. Figures are available on a consistent basis only for the years shown. | |||||||||
4 Figures for the Control Total are available on a consistent basis only for the years shown. | |||||||||
Table B9: General government receipts1
| |||
£ billion
| |||
Outturn 1996–97
| Estimate 1997–98
| Projection 1998–99
| |
| Vehicle excise duties | 4.2 | 4.6 | 4.6 |
| Oil royalties | 0.7 | 0.5 | 0.3 |
| Business rates3 | 14.7 | 14.7 | 15.0 |
| Social security contributions | 47.1 | 50.5 | 53.7 |
| Council Tax | 10.1 | 11.1 | 11.6 |
| Other taxes and royalties4 | 7.9 | 7.6 | 7.2 |
| Net taxes and social security contributions | 270.5 | 295.9 | 314.0 |
| Interest and dividends | 5.2 | 5.1 | 4.5 |
| Gross trading surpluses and rent | 4.9 | 4.8 | 4.9 |
| Other receipts and accounting | |||
| adjustments5 | 5.8 | 7.3 | 6.7 |
| General government receipts | 286.4 | 313.1 | 330.1 |
| North Sea revenues6 | 3.6 | 3.4 | 2.6 |
1 On a cash basis. | |||
2 Includes advance corporation tax (net of repayments): (Outturn 1996–97) 11.9; (Estimate 1997–98) 11.8; (Projection 1998–99) 11.3. Also includes North Sea corporation tax after ACT set off, and corporation tax on gains. | |||
3 Includes district council rates in Northern Ireland. | |||
4 Net of bus fuel duty rebate (previously netted off excise duties). | |||
5 Includes accruals adjustments for index-linked gilts. | |||
6 North Sea corporation tax (before ACT set-off), petroleum revenue tax and royalties. | |||