§ Mr. MitchellTo ask the Chancellor of the Exchequer what proportion of United Kingdom gross domestic product is accounted for by multinational corporations. [92680]
§ Ms HewittThe information requested falls within the responsibility of the Director of the Office for National Statistics. I have asked him to reply.
Letter from Tim Holt to Mr. Austin Mitchell, dated 26 July 1999:
As Director of the Office for National Statistics (ONS), I have been asked to reply to your recent parliamentary question on multi-national corporations.The proportion of gross domestic product accounted for by multi-national corporations is not available.Some limited information on the activity of foreign owned businesses was published in an article Globalisation: scope, issues and statistics' in the November 1997 edition of Economic Trends, a copy of which is available in the House of Commons Library. This article included:information on the proportion of net output accounted for by foreign-owned manufacturing enterprises derived from the Annual Census of Production;estimates of the proportion of turnover and persons employed accounted for by foreign owned businesses involved in certain service industries.