§ Mr. Tebbitasked the Chancellor of the Exchequer if he will give the output per person employed in the United Kingdom in 1977, on the basis of 1970=100.
§ Mr. Denzil Davies:Figures of output per person employed in the United Kingdom are published regularly on the basis 1975=100 in theDepartment of Employment Gazette(Table 134) and theMonthly Digest of Statistics(Table 6.2). Rescaling this published series to 1970=100, the output per person employed in the United Kingdom in 1977 is 111.5.
Percentage increases February 1974 to December 1978 1974 1st quarter to1978 3rd quarter (a) Wages and salaries (1) (2) … … … … na 108 (b) Retail prices … … … … 101 96 (c) Food prices (3) … … … … 109 104 (d) UK company dividends, gross of tax (1) … … … na 45 (f) Unit labour costs (1) (2) … … … … na 89 (1) Based on latest national income and expenditure estimates, seasonally adjusted. (2) Figures for the first quarter of 1974 are affected by the three-day working week. (3) Based on the "food" component of the General Index of Retail Prices. Estimates of company profitability on a monthly or quarterly basis are not available. Data on rates of return on capital employed by industrial and commercial companies en an annual basis up to 1977 are given inTrade and Industry22nd September 1978.