§ Mr. Ian Taylor
To ask the Chancellor of the Exchequer how many employees participated in live registered profit-related pay schemes in the last period for which figures are available; how many schemes are in operation; and what is the estimated total value of those schemes.
§ Mr. Maude
[holding answer 6 February 1992]: There were 581,000 participating employees in 2,049 live registered profit-related pay schemes at the end of December 1991. On the basis of the latest information provided by participating employers, the total annual value of the distributable PRP pool for these schemes is tentatively estimated at about £400 million.