§ Mr. Pardoe
asked the Chancellor of the the Exchequer if he will publish in the Official Report a table showing the latest estimated cost of each central Government subsidy both on food and for the products of nationalised industries in the current financial year and showing these costs as a part of standard rate of income tax.
§ Mr. Dell
Following is the information:
Food subsidies £ million Bread 63 Butter 60 Cheese 39 Flour 5 Milk 331 Tea 17 Total 515
Nationalised industries subsidies 1. Compensation for price restraint: Electricity England and Wales 290 Scotland 25 Gas 25 Post Office 300 Sub-total 640 2. Other: Rail 370* Coal 140 Total 1,150 * Excluding capital grants.
The total estimated expenditure on these subsidies of £1,665 million is equivalent to about 18 per cent. of the estimated yield from basic rate income tax in 1974–75.