HC Deb 10 March 1983 vol 38 cc492-3W
Mr. David Watkins

asked the Chancellor of the Exchequer what changes there were in industrial rateable values in each county district of county Durham in the financial years 1979–80, 1930–81 and 1981–82.

Mr. Wakeham

The information requested is listed as follows:

the answer referred to, net domestic fixed capital formation is usually expressed as a percentage of net rather than gross national product—capital consumptio for fixed assets having thereby been removed from both numerator and denominator. Capital consumption for fixed assets of all finds accounted for about 7 per cent. of gross national product in 1948—manufacturing assets 1.5 per cent.—and this proportion had risen to over 12 per cent. in 1981—assets owned by manufacturing industry 2.5 per cent.

Whole economy Manufacturing Industries* Industrial and Commercial Companies Undistributed profits†
Gross domestic fixed capital formati Net domestic fixed capital formation All assets Gross domestic fixed capital formation Net domestic fixed capital formation
All assets Plant and machinery
Percentages of gross national product‡
1948 11.9 4.2 4.9 2.7 1.1 10.4
1949 12.5 4.4 5.5 3.0 1.4 8.8
1950 12.8 4.8 5.6 3.3 1.7 11.8
1951 12.9 5.1 5.2 3.5 1.8 13.4
1952 13.4 5.0 5.3 3.5 1.6 8.1
1953 14.0 4.8 6.2 3.2 1.4 8.4
1954 14.4 5.1 6.7 3.3 1.5 10.4
1955 14.9 5.4 7.0 3.5 1.7 10.5
1956 15.1 5.5 7.2 4.0 2.1 10.7
1957 15.5 5.8 7.5 4.2 2.2 10.3
1958 15.4 5.8 7.3 3.9 1.9 9.4
1959 15.7 5.8 7.7 3.6 1.6 9.8
1960 16.3 5.9 8.3 4.0 2.0 11.2
1961 17.1 6.6 9.1 4.5 2.5 9.2
1962 16.7 6.3 8.7 4.1 2.0 7.9
1963 16.5 6.3 8.4 3.5 1.4 9.4
1964 18.0 6.6 10.1 3.7 1.7 10.0
1965 18.0 6.9 10.1 3.9 1.9 9.3
1966 18.0 7.2 10.0 4.0 1.9 7.9
1967 18.6 7.1 10.5 3.7 1.6 6.8
1968║ 18.7 6.8 10.6 3.6 1.6 8.1
1969║ 18.2 6.8 10.0 4.0 1.9 8.8
1970 18.3 7.1 9.8 4.1 2.0 8.4
1971 18.2 6.8 9.3 3.8 1.7 9.0
1972 18.1 6.3 8.9 3.2 1.1 10.5
1973 19.2 6.5 9.7 3.2 1.1 12.5
1974 19.9 6.7 9.6 3.6 1.4 12.0
1975 19.3 6.3 8.8 3.3 1.0 9.9
1976 18.7 6.5 8.0 3.1 0.8 11.5
1977 17.9 6.6 6.8 3.3 0.9 12.4
1978 17.9 6.8 6.7 3.5 1.1 12.6
1979 17.7 6.9 6.3 3.5 1.1 12.6
1980 17.5 6.8 5.4 3.1 0.7 8.6
1981 15.8 6.2 3.5 2.5 0.1 8.2
* These estimates relate only to direct investment by manufacturing industry. Assets acquired by manufacturers on financial lease are classified, on the basis of ownership, as investment by the financial services industry. GDFCF on these assets was less than 0.2 per cent. of GNP in 1975, but about 0.4 per cent. in 1981
† Before provision for depreciation or stock appreciation.
‡ GNP at market prices has been used as the denominator for investment percentages, and GNP at factor cost has been used for the calculation relating to retained profits of industrial and commercial companies.
║ Compensating adjustments were made to the capital formation figures for 1968 and 1969 to remove the effects of a change in the rate of investment grants.