§ Mr. Ian TaylorTo 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. DorrellThere were 736,000 participating employees in 2,895 live registered profit-related pay schemes at the end of April 1992. On the basis of the latest information provided by participating employers, the total annual value of the distributable profit-related pay pool for these schemes is tentatively estimated at about £500 million.