§ 55. Mr. Michael Brown
asked the Chancellor of the Exchequer what is the level of company profitability at present compared with 10 years ago.
§ Mr. MacGregor
On the basis of figures for the first three quarters of the year, the profitability of all industrial and commercial companies in 1985, as measured by the net pre-tax real rate of return on capital employed, is believed to have been about three times higher than in 1975.