HC Deb 27 November 1975 vol 901 cc312-4W
Mr. Tebbit

asked the Secretary of State for Industry if he will tabulate the numbers of persons employed, together with the output and profit or loss—adjusted to 1975 values—of each of the State-controlled industries for which he is responsible for each year since they came into State ownership.

Mr. Gregor Mackenzie

Following is the information requested:

Numbers of Persons Employed 1962 1963 1964 1965 1966 1967 1968
British Steel Corporation (a) 257,000 (b) n.a.
The Post Office (d) 365,874 371,634 376,601 384,208 397,207 406,803 412,531

Numbers of Persons Employed 1969 1970 1971 1972 1973 1974 1975
British Steel Corporation (a) 254,390 (c) 259,450 (c) 252,400 229,700 226,600 220,400 228,300
The Post Office (d) 417,022 407,669 414,844 416,370 421,313 420,914 434,065

Output 1967–68 1968–69 1969–70 1970–71 1971–72 1972–73 1973–74 1974–75
British Steel Corporation (e) 28.3 (f) 24.6 12.5 (g) 25.1 20.8 24.1 22.3 20.2

Because of the nature of the Post Office's business, it is not possible to give a meaningful figure in relation to its output.

Profits and Losses (h) 1961–62 1962–63 1963–64 1964–65 1965–66 1966–67 1967–68
British Steel Corporation −32.5
The Post Office 27.8 24.3 59.7 37.3 71.9 77.1 65.4

Profits and Losses (h) 1968–69 1969–70 1970–71 1971–72 1972–73 1973–74 1974–75
British Steel Corporation −36.0 18.4 −14.1 −86.1 3.2 58.3 72.6 (j)
The Post Office 70.1 53.7 27.8 45.7 −74.4 −128.0 −306.7 (j)

NOTES:—The earliest figures given in respect of the Post Office relate to 1961–62 when it was decided that it should in matters of finance be treated as though were a nationalised industry.

  1. (a) At 31st March each year, unless otherwise noted.
  2. (b) at vesting day, 1st July 1967.
  3. (c) at 30th September.
  4. (d) At 1st April each year.
  5. (e) Crude steel output, million tonnes. Relate to crude steel production only and exclude a small amount of other items.
  6. (f) 15 months.
  7. (g) 6 months.
  8. (h) £m., adjusted to 1974 prices unless otherwise noted.
  9. (j) Current prices