HC Deb 27 July 1972 vol 841 cc377-9W
Mr. Adley

asked the Secretary of State for Trade and Industry if he will list the three industries which contributed most in invisible foreign currency earnings to the United Kingdom economy for the last five years, expressed both in cash terms and as a percentage of total invisible foreign currency earnings.

Mr. Noble

Omitting the oil industry, for which comparable figures are not available, the following were the industries with the largest invisible earnings overseas:

Invisible earnings, 1967–1971
Percentage of total invisible
£million earnings
Shipping* 3,158 15
Tourist industries 1,801 8
Insurance 1,292 6
* Gross earnings of United Kingdom ships, omitting ships chartered abroad.

Mr. Adley

asked the Secretary of State for Trade and Industry if he will list the three industries which contributed most in invisible dollar earnings to the United Kingdom economy for the last five years, expressed both in cash terms, and as a percentage of total invisible dollar earnings.

Mr. Noble

Invisible earnings in dollars are not known. The industries with the largest invisible earnings from the United States where shipping, the tourist industries and insurance, which together accounted for about one-quarter of all invisible earnings there from 1967 to 1971

Mr. Adley

asked the Secretary of State for Trade and Industry if he will list the five industries which contributed most in foreign earnings to the United Kingdom economy for the last five years, expressed as a percentage of total foreign currency earnings.

Mr. Noble

Omitting the oil industry, for which comparable figures are not available, the following were the industries with the largest overseas earnings as recorded in the trade statistics or elsewhere:

Minimum List Heading of Standard Industrial Classification. 1968 Percentage of total overseas earnings, 1967–1971
381 Motor vehicle manufacturing 6
705 Shipping 6*
Tourist industries 3
383 Aerospace 3
339 "Other non-electrical machinery" 3
*Gross earnings of United Kingdom ships omitting ships; chartered abroad.

Mr. Adley

asked the Secretary of State for Trade and Industry if he will list the five industries which contributed most in dollar earnings for the United Kingdom economy for the last five years; expressed as a percentage of total dollar earnings.

Mr. Noble

This information is not readily available.

Mr. Adley

asked the Secretary of State for Trade and Industry what have been the foreign currency earnings of the following industries for the past five years, namely, aerospace, tourism, shipbuilding,

1967 1968 1969 1970 1971
Export earnings (£million)
Aerospace* 205 299 316 247 303
Tourism 236 282 359 433 491
Shipbuilding* 74 84 67 61 58
Steel* 208 239 255 306 365
Number of employees in employment in United Kingdom in June (thousands)
Aerospace 254 249 247 246 235 219
Shipbuilding 159 156 150 159 163 166
Steel 337 327 331 329 331 310
* As recorded in the trade statistics.
†Before reclassification.
‡After reclassification.

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