Profitability

HC Deb 25 October 1990 vol 178 c296W

34. Mr. Hayward

To ask the Chancellor of the Exchequer what is his latest information on the profitability of non-North sea industrial and commercial companies.

Mr. Norman Lamont

The net real rate of return on capital of non-North sea industrial and commercial companies in 1989 was 8.3 per cent. With the exception of 1988, that is higher than for any year since 1973. In 1981 the rate was 2.7 per cent.

72. Mr. Hayes

To ask the Chancellor of the Exchequer what is his latest information on the profitability of non-North sea industrial and commercial companies.

Mr. Norman Lamont

The net real rate of return on capital of non-North sea industrial and commercial companies in 1989 was 8.3 per cent. With the exception of 1988, that is higher than for any year since 1973. In 1981 the rate was 2.7 per cent.