HC Deb 08 December 1988 vol 143 cc301-2W
28. Mr. Tim Smith

To ask the Chancellor of the Exchequer if he will make a statement on the level of profitability in the British economy.

Mr. Major

Chart 2.9 of the forecast presented in the Autumn Statement indicates that in 1988 the net rate of return of non-North sea industrial and commercial companies should rise for the seventh successive year, to its highest level since the early 1960s.