§ Mr. Stephen Rossasked the Secretary of State for Industry what percentage of industry in the United Kingdom is now either partly or totally owned by the State.
§ Mr. Denzil DaviesI have been asked to reply.
The available figures relate to the public sector as defined in the national accounts—public corporations and central and local government—and do not include companies wholly or partly in public ownership. The table below shows the percentages of net capital stock, net output and employment accounted for by the public sector in 1975 in all industry and commerce—all activities except health and education, national and local 576W government service, and ownership of dwellings.
Public sector as percentage of total industry and commerce Net capital stock* … 33 Net output … 17 Employment … 12 *Gross stock less accumulated depreciation, both at estimated replacement cost. Source: Based on "National Income and Expenditure 1965–1975", Economic Trends, February 1976.
The industries covered by the above figures are those in the index of industrial production—mining and quarrying, manufacturing, construction, gas, electricity and water—plus agriculture, transport, communication, distributive trades, finance, and other services.