§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what were the proportionate shares of total company income, gross trading profits of companies, income from employment, and wages and salaries, respectively, in the gross domestic product at factor cost in the fourth quarters of 1971 and 1964, respectively.
§ Mr. HigginsThe estimates, which are not seasonally adjusted, are as follows:
Fourth quarter 1964 Fourth quarter 1971 As percentage of gross domestic product at factor cost: Total company income* 23.1 21.5 Gross trading profits of companies* 15.5 12.2 Income from employment 67.0 68.0 Wages and salaries 60.4 60.4 * As defined in the national accounts—before providing for depreciation and stock appreciation. Estimates for 1964 include the profits of iron and steel companies subsequently nationalised.