HC Deb 21 November 1983 vol 49 cc39-41W
Mr. Nellist

asked the Secretary of State for Trade and Industry what information he has for each year since 1968, at 1983 prices, of (a) the total investment by overseas countries in the United Kingdom, (b) the retained profits, and (c) the retained profits as a percentage of total foreign investment.

Mr. Trippier

The information required is not available at 1983 prices. It is available at current prices in table 2.1 ofBusiness Monitor MA4.

Mr. Nellist

asked the Secretary of State for Trade and Industry if he will list for each year since 1968 such information as he has as to (a) the number of enterprises in the United Kingdom controlled from overseas, and (b) the total assets of these companies, at 1983 prices.

Numbers of people employed in United Kingdom manufacturing enterprises
Thousands
1971 1973 1975 1977 1979
Total all enterprises 8,208.0 7,616.1 7,467.0 7,280.5 6,925.6
Total all foreign controlled enterprises 805.2 821.5 925.7 1,013.8 974.2
Foreign controlled enterprises as percentage of total 9.8 10.8 12.4 13.9 14.1

Source: Census of Production—(Business Monitor) PA1002.

countries the amount of exports per head in total and for manufactures in terms of dollars, and the ratio of exports to gross domestic product in the case of manufactures.

Mr. Channon

The information is as follows:

Mr. Trippier

Information at 1983 prices is not abailable. The available information, at current prices, is as follows:

Inward direct investment in the United Kingdom in all industries except oil, banking and insurance
1968 1971 1974 1978
Number of foreign controlled enterprises N/A 2,367 3,159 3,438
Book value of net assets attributable to overseas parent company 2,728.0 3,817.0 6,567.2 10,949.2

Source: Overseas Transactions Inquiry (Business Monitor MA4).

Mr. Nellist

asked the Secretary of State for Trade and Industry if he will give for the latest availabe date such information as he has as to (a) the percentage of total assets controlled from overseas owned by the top five, top 10, to 15, top 20, and top 25 companies and (b) how many enterprises controlled from overseas own 50 per cent. of the total of such assets; and if he will list the top 25 companies controlled from overseas with the assets they own.

Mr. Trippier

I regret that the information requested cannot be provided within the cost limits or is commercially confidential.

Mr. Nellist

asked the Secretary of State for Trade and Industry if he will give for each year since 1968 the number of people employed in the United Kingdom by companies controlled from overseas, and also express these figures as a percentage of total United Kingdom employment for each year.

Mr. Trippier

The available information is as follows:

Mr. Nellist

asked the Secretary of State for Trade and Industry if he will give, for each year since 1968, a breakdown of (a) total investment and (b) investment in manufacturing industry, by overseas countries, expressed as a percentage, from the United States of America, the European Economic Community and from other countries; and if he will tabulate these figures according to standard industrial classifications.

Mr. Trippier

The available information is given in the following table. It is not available by standard international classifications.

Inward direct investment in the United Kingdom in all industries other than oil
Per cent.
United States of America European Community Rest of World
(a) Total inward direct investment in the United Kingdom
1968 76.0 9.3 14.7
1969 63.6 10.5 25.9
1970 62.2 16.9 20.9
1971 63.6 8.6 27.8
1972 65.8 10.7 23.5
1973 53.5 15.2 31.3
1974 48.0 8.8 43.2
1975 50.4 15.9 33.7
1976 68.8 22.1 9.1
1977 47.9 20.2 31.9
1978 64.1 23.1 12.8
1979 55.7 14.1 30.2
1980 66.5 6.1 27.4
1981 5.2 7.4 87.4
(b) Inward direct investment in manufacturing industries in United Kingdom
1968 78.7 6.8 14.5
1969 69.6 10.7 19.7
1970 75.3 13.9 10.8
1971 74.9 7.7 17.4
1972 84.0 7.6 8.4
1973 76.5 6.4 17.1
1974 65.0 6.0 29.0
1975 71.3 10.3 18.4
1976 84.7 14.5 0.8
1977 69.8 12.0 18.2
1978 81.1 13.1 5.8
1979 68.2 10.1 21.7
1980 85.8 - 6.9 21.1
1981 -159.5 41.0 218.5

Source: Overseas Transactions Inquiry: Business Monitor MA4