§ Mr. Meacherasked the Secretary of State for Trade and Industry what has been the index of competitiveness each year since 1960, taking 1979 as representing 100.
§ Mr. Alan ClarkThe most commonly quoted measure is relative unit labour costs which is used in the following table. Data for 1960 are not available:
United Kingdom Relative Unit Labour Costs 1979 = 100 1961 102.5 1962 100.9 1963 97.9 1964 96.7 1965 100.5 1966 103.0 1967 98.0 1968 83.3 1969 87.0 1970 89.8 1971 92.4 1972 90.2 1973 80.2 1974 80.2 1975 86.7 1976 78.8 1977 77.8 1978 84.1 1979 100.0 1980 123.9 1981 125.5 1982 117.6 1983 107.3 1984 104.5 1985 107.9 1986 Q1-Q3 105.5 Note—Defined as United Kingdom unit labour costs per unit of output divided by a weighted average of competitors' unit labour costs, both series being expressed in a common currency. The series relates to manufacturing.
SourceIMF.