Mr Jack Diamond
Former MP for Gloucester
Former MP for Gloucester
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The forecasts published in the Financial Statement and Budget Report 1970–71 contain estimates of expenditure, imports and gross domestic product at 1963 prices; forecasts of earnings and employment have never been provided.
My right hon. Friend took all these matters into account in his judgment, and he also took into account three years ago that it would be helpful to the House if it had the kind of information which the hon. Gentleman's Government never provided. He therefore provided that information, and I am sure that it has been very interesting and helpful to the House.
Actual total tax revenue in 1963–64 was £6,649 million. The comparable estimated figure for 1970–71 at constant prices is £10,379 million. The estimated total revenue for 1970–71 at current prices is £15,582 million.
Former MP for Gloucester
Entered the House of Commons on 5 July 1945 — General election
Left the House of Commons on 29 April 1970 — General election
Also represented Manchester, Blackley
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