HC Deb 12 March 1986 vol 93 cc494-5W
50. Mr. Chope

asked the Secretary of State for Trade and Industry what information he has on the proportion of its United Kingdom profits in each of the last five years which the Ford Motor Company has reinvested in the United Kingdom.

Mr. Peter Morrison

The figures for 1985 are not yet available but Ford's 1984 annual report shows that for each of the years 1980–84, Ford's United Kingdom investment, or expenditure on tangible assets exceeded its United Kingdom profits after tax. The figures are:

£ million
1980 1981 1982 1983 1984
Profit (loss) after tax 204 165 192 (103) 37
Expenditure on tangible assets 249 197 277 199 174

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