Mr Major’s Written Parliamentary Answer on the Financial Statement and Budget Report – 28 March 1988

Below is the text of Mr Major’s written Parliamentary Answer on the Financial Statement and Budget Report on 28th March 1988.

Mr. Gordon Brown To ask the Chancellor of the Exchequer if he will give for each year since 1978 the figure for “other national accounts adjustments” as defined in table 1.2 of the Financial Statement and Budget Report for 1987–88 in cash and real terms and the planned figures for 1988–89 and 1990–91.

Mr. Major The figures requested are as follows:

Other national accounts adjustments

Year | Cash | Real Terms (1) – in £ billion
1978–79 | 1.7 | 3.2
1979–80 | 2.8 | 4.6
1980–81 | 4.4 | 6.2
1981–82 | 3.2 | 4.1
1982–83 | 5.1 | 6.1
1983–84 | 5.3 | 6.1
1984–85 | 4.4 | 4.8
1985–86 | 6.9 | 7.1
1986–87 | 8.2 | 8.2
1987–88 | 8.3 | 7.9
1988–89 | 8.6 | 7.9
1989–90 (2) | 9.0 | 8.0
1990–91 (2) | 9.0 | 7.0
(1) Cash outturns or plans adjusted to 1986–87 price levels by excluding the effect of general inflation as measured by the GDP deflator.
(2) Rounded to the nearest £1 billion.