§ The Prime Minister
The following table gives the rate of return on capital employed for the nationalised industries from 1979 to 1981. Figures are available only on a calendar year basis. 1981 is the latest year for which figures are available.
Nationalised Industries—Rate of Return on Capital Employed 1979 1980 1981 per cent. per cent. per cent. (a) Including subsidies -0.8 -0.8 -0.4 (b) Excluding subsidies -2.1 -1.9 -1.9
The basis for the calculation and comparable figures for the years 1970 to 1979 were supplied by the Treasury in evidence to the Treasury and Civil Service Select Committee in 1981. These have been published as appendix 12 in volume III of its report "Financing of the Nationalised Industries" (HC 348—III).