§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer if he will publish in the OFFICIAL REPORT a table showing the proportions of corporate profits after tax and private manufacturing investment, respectively, in the gross domestic product for each of the last 10 years.
§ Mr. DiamondThe following is the information:
Gross trading profits of companies after deduction of United Kingdom taxes on income (accruals)* Gross domestic fixed capital formation by private sector manufacturing industry As a percentage of gross domestic product at factor cost 1959 12.0 3.8 1960 12.0 4.2 1961 11.3 4.7 1962 11.0 4.3 1963 12.2 3.8 1964 12.4 4.1 1965 13.3 4.4 1966 10.1 4.5 1967† 9.7 4.0 1968† 9.7 4.0 *Including tax on non-trading income and on income from abroad. † Excluding the nationalised steel companies from 28th July 1967.