§ Mr. Nicholas Edwardsasked the Chancellor of the Exchequer if he will publish a table showing pretax company sector trading profits, net of stock appreciation and capital consumption, and valued at constant prices, in each of the years 1960, 1965, 1970, 1971, 1972 and 1973 in the following sub-sectors: (a) manufacturing industry, (b) the distributive trades, and (c) insurance, banking and finance.
§ Dr. Gilbert,pursuant to his reply [OFFICIAL REPORT, 9th April 1974],gave the following information
The estimates available, which are subject to a considerable margin of error, are 229W given in the table below; estimates for 1973 are not yet available.
COMPANY PROFITS NET OF STOCK APPRECIATION AND CAPITAL CONSUMPTION EXPRESSED AT 1960 PURCHASING POWER* Manufacturing † Distributive trades and other service industries (including insurance. banking and finance)‡ £million £ million 1960 … 2,060 1,130 1965 … 1,950 1,300 1970 … 1,230 1,180 1971 … 1,270 1,270 1972 … 1,340 1,420 * Adjusted by the index of the internal purchasing power of the pound. †Before charging interest. ‡After taking account of net receipts of interest by insurance, banking and finance; but, in the case of distributive trades and the remaining service industries, before charging interest. This industry group is defined as in Table 59 of National Income and Expenditure Blue Book 1973.