HC Deb 18 December 1967 vol 756 cc292-3W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer if he will publish in the Official Report figures showing the percentage increase in the value of corporation profits before tax, the value of corporation profits after tax, the value of the gross domestic product, and the percentage ratio between the first and second on the one hand and the third on the other over the past 10 years the past five years, and the past three years, respectively, for the United Kingdom and, from information received from international sources, for the United States of America, respectively.

Mr. Harold Lever:

The figures are given below:

Mr. Harold Lever:

The seamen's strike in 1966 and the dock strikes in 1967 have caused a direct and violent disturbance to the trade figures for individual months—with secondary effects on confidence in sterling—but their net effect on the trade balance over a period will probably be found to have been relatively small. The seamen's strike however caused a net loss of shipping earnings in 1966 estimated at about £25 million.

Many other industrial disputes are also likely to have had at least an indirect effect on the balance of payments, of a son: which cannot be quantified.