§ Mr. McCrindleasked the Chancellor of the Exchequer what was the total contribution of all United Kingdom insurance concerns to net overseas earnings in 1976; and how many persons were employed in such concerns.
§ Mr. Robert SheldonThe overseas earnings of insurance concerns established in the United Kingdom amounted to £452 million in 1975. No comparable figure is available for earnings of overseas insurance companies in the United Kingdom, nor for United Kingdom insurance earnings net of those foreign earnings. In the same year, United Kingdom gross earnings on the invisible account were £11,038 million and the net surplus on invisible was £1,531 million.
In June 1975, 266,300 people were employed in insurance concerns in the United Kingdom.