HC Deb 22 July 1982 vol 28 cc290-1W
Mr. Austin Mitchell

asked the Chancellor of the Exchequer whether he will bring up to date the information on productivity in his reply on 25 June 1980, Official Report, c. 207–210 concerning transport, and so on; and whether he will include the corresponding figures for the whole economy less the production industries.

Mr. Wakeham

Corresponding figures for the whole economy less production industries were presented in the sameOfficial Report also in columns 207 and 208. The following table brings the information up to date:

Percentage changes
1979 to 1981 1969 to 1979 7959 to 1979 1949‡ to 1979
Whole economy less production industries
output -1 +26 +63 +96
employment* -3 +15 +28 +36
output per employee +2 +9 +27 +44
Transport
output -6 +24 +61 +101
employment* -8 -7 -19 -25
output per employee +2 +33 +98 +168
Coal mining
output — -32 -54 -57
employment* -5 -24 -61 -64
output per employee +5 -10 +21 +20
Shipbuilding
output -12 -22 -29 -27
employment* -17 -9 -38 -44
output per employee +6 -14 +16 +31
Aerospace†
output +16 -9 -26 n.a.
employment* +3 -20 -32 n.a.
output per employee +13 +13 +8 n.a.
Ferrous metals
output -27 -22 -3 +21
employment* -30 -27 -29 -27
output per employee +4 +7 +35 +65

Percentage of Gross National Product‡
1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 ‡1981
Whole economy
Gross domestic fixed capital formation
All assets 18.3 18.2 18.1 19.2 19.9 19.3 18.7 17.9 18.0 17.8 17.7 16.6
Plant and machinery 7.1 6.8 6.3 6.5 6.7 6.3 6.5 6.7 6.9 6.9 6.9 6.6
Net domestic fixed capital formation*
All assets 9.8 9.3 8.9 9.7 9.7 8.8 8.1 6.9 6.7 6.3 5.7 n.a.
Manufacturing industries†
Gross domestic fixed capital formation 4.1 3.8 3.2 3.2 3.6 3.3 3.1 3.3 3.5 3.5 3.1 2.6
Net domestic fixed capital formation* 2.0 1.7 1.1 1.1 1.4 1.0 0.8 0.8 1.0 1.1 0.7 n.a.
Industrial and Commercial Companies
Undistributed profits 8.2 8.9 10.3 12.3 11.8 10.2 12.1 12.1 12.1 11.8 7.9 7.7
* Net domestic fixed capital formation is usually expressed as a percentage of net rather than gross national product (capital consumption for fixed assets having thereby been removed from both the numerator and the denominator). Capital consumption for all fixed assets accounted for about 8½ per cent, of gross national product in 1970 (manufacturing assets 2 per cent.), and this proportion had risen to about 12 per cent, (manufacturing assets 2½ per cent.) in 1980.
† These estimates relate to direct investment by manufacturing industry only. Assets acquired by manufacturers on lease are included, on the basis of ownership, in estimates for the insurance, banking, finance and business services industry. GDFCF on these assets was about 0.4 per cent, of GNP in 1981, and less than 0.2 per cent, in 1975.
‡GNP at market prices has been used as the denominator for investment percentages, and GNP at factor cost for the calculation relating to retained profits. For 1981 these GNP figures are income-based since the absence of trade figures for much of that year precludes compilation of the normal expenditure-based measure.