§ Mr. BercowTo ask the Chancellor of the Exchequer what proportion of gross domestic product of(a) the United Kingdom and (b) each region was accounted for by financial services in each of the last four years. [27442]
§ Ruth KellyThe information requested falls within the responsibility of the National Statistician. I have asked him to reply.
231WLetter from John Kidgell to Mr. John Bercow, dated 17 January 2002:
The National Statistician has been asked to reply to your recent question on the proportion of Gross Domestic Product (GDP) accounted for by financial services for the United Kingdom and for the regions and countries. I am replying in his absence. (27442)The Office for National Statistics (ONS) publishes estimates of Gross Value Added (GVA) at basic prices (previously referred to as GDP) with an industrial breakdown for the 12 regions and countries of the United Kingdom. GVA at basic prices differs from GDP only in that it does not account for taxes or subsidies on products. For estimating proportions GVA and GDP can be treated synonymously.These data were published as an ONS News Release on 27 February 2001 and in the March 2001 edition of Economic Trends, consistent with the United Kingdom National Accounts "The Blue Book" 2000. These publications are available in the House of Commons Library and on the web at http://www.statistics.gov.uk/regionalaccounts.