§ Mr. Neil Hamiltonasked the Chancellor of the Exchequer what is the value of the capital stock of the nationalised industries and publicly-owned corporations; and what is the estimated rate of return (a) excluding subsidies and (b) including subsidies, on this figure.
§ Mr. Peter ReesThe latest year for which information is available is 1982. At the end of that year, the net capital stock—including the book value of stocks and work in progress — of the public corporations, including the nationalised industries, was estimated to be £134,400 million. The pre-tax real rate of return was -0.5 per cent excluding subsidies, and 1.4 per cent. including subsidies. Figures for 1981 given in answer to my hon. Friend's question on 7 July 1983, at column 183, have since been revised, following publication of the 1983 edition of "National Income and Expenditure". Current estimates for 1981 are: net capital stock £132,300 million; pre-tax real rate of return excluding subsidies-1.2 per cent; pre-tax real rate of return including subsidies 0.5 per cent.