HC Deb 12 February 1988 vol 127 cc388-91W
Mr. Meacher

To ask the Chancellor of the Exchequer what has been the level of profits in each major sector of the economy in each year since 1979, at both current prices and constant 1987–88 prices; and what has been the percentage increase in each case for each year since 1979, both in money and real terms.

Mr. Major

[holding answer 11 February 1988]: The information is given in the tables. Profits figures for 1987 are not yet available. Financial year 1987–88 has not yet finished; the real profit figures cannot, therefore, be expressed in 1987–88 prices. Real profits are instead shown in 1980 prices.

Table 1
Profits1 (including self employment income and other trading income) by sector 1979–86
1979 1980 1981 1982 1983 1984 1985 1986
£ million current prices
Agriculture forestry and fishing 3,068 3,371 3,791 4,205 4,063 4,556 4,089 4,206
Energy and water supply 10,580 14,295 17,758 19,809 23,287 25,209 25,379 15,993
Manufacturing 14,721 12,733 12,118 14,362 16,609 18,634 21,175 24,404
Construction 4,472 5,053 5,457 6,285 7,390 8,553 9,789 10,888
Distribution hotels, catering, repairs 9,233 8,549 8,691 8,715 10,499 12,411 14,921 18,019
Transport 2,452 2,257 2,417 2,658 3,214 3,413 3,777 4,718
Communication 1,504 1,523 1,967 2,540 2,337 2,708 3,226 3,686
Banking, finance, insurance, business services and leasing2 9,546 10,032 10,997 13,191 13,728 15,076 17,718 20,463
Education and health services 1,075 1,384 1,481 1,583 1,987 2,208 2,499 2,928
Other services 2,073 2,265 2,641 2,830 3,260 3,676 4,411 5,511
Adjustment for financial services -7,323 -9,353 -10,609 -11,728 -11,636 -13,793 -15,734 -17,404
Total gross profit 58,724 61,462 67,318 76,178 86,374 96,444 106,984 110,816
Percentage increases on a year earlier
Agriculture forestry and fishing 11.5 9.9 12.5 10.9 -3.4 12.1 -10.3 2.9
Energy and water supply 60.8 35.1 24.2 11.5 17.6 8.3 0.7 -37.0
Manufacturing 14.2 -13.5 -4.8 18.5 15.6 12.2 13.6 15.2
Construction 22.0 13.0 8.0 15.2 17.6 15.7 14.5 11.2
Distribution hotels, catering, repairs 16.7 -7.4 1.7 0.3 20.5 18.2 20.2 20.8
Transport -0.5 -8.0 7.1 10.0 20.9 6.2 10.7 24.9
Communication -3.5 1.3 29.2 29.1 -8.0 15.9 19.3 14.3
Banking, finance, insurance, business services and leasing2 32.2 5.1 9.6 20.0 4.1 9.8 17.5 15.5
Education and health services 15.1 28.7 7.0 6.9 25.5 11.1 13.2 17.2
Other services 3.2 9.3 16.6 7.2 15.2 12.8 20.0 24.9
Adjustment for financial services
Total gross profit 22.4 4.7 9.5 13.2 13.4 11.7 10.9 3.6
1 Including gross trading surpluses of public enterprises.
2 Includes adjustment for financial services.

Table 2
Profits1 (including self employment income and other trading income) by sector 1979–86
1979 1980 1981 1982 1983 1984 1985 1986
£ million 1980 prices
Agriculture forestry and fishing 3,644 3,371 3,443 3,567 3,261 3,489 2,957 2,960
Energy and water supply 12,565 14,295 16,129 16,802 18,689 19,302 18,351 11,255
Manufacturing 17,483 12,733 11,006 12,182 13,330 14,268 15,311 17,174
Construction 5,311 5,053 4,956 5,331 5,931 6,549 7,078 7,662
Distribution hotels, catering, repairs 10,966 8,549 7,894 7,392 8,426 9,503 10,789 12,681
Transport 2,912 2,257 2,195 2,254 2,579 2,613 2,731 3,320
Communication 1,786 1,523 1,787 2,154 1,876 2,074 2,333 2,594
Banking, finance, insurance, business services and leasing2 11,337 10,032 9,988 11,188 11,018 11,544 12,811 14,400
Education and health services 1,277 1,384 1,345 1,343 1,595 1,691 1,807 2,061
Other services 2,462 2,265 2,399 2,400 2,616 2,815 3,189 3,878
Adjustment for financial services -8,697 -9,353 -9,636 -9,947 -9,339 -10,561 -11,377 -12,248
Total gross profit 69,743 61,462 61,142 64,613 69,321 73,847 77,356 77,985
Percentage changes on a year earlier
Agriculture forestry and fishing -1.1 -7.5 2.1 3.6 -8.6 7.0 -15.2 0.1
Energy and water supply 42.6 13.8 12.8 4.2 11.2 3.3 -4.9 -38.7
Manufacturing 1.3 -27.2 -13.6 10.7 9.4 7.0 7.3 12.2
Construction 8.2 -4.9 -1.9 7.6 11.3 10.4 8.1 8.3
Distribution hotels, catering, repairs 3.5 -22.0 -7.7 -6.4 14.0 12.8 13.5 17.5
Transport -11.7 -22.5 -2.7 2.7 14.4 1.3 4.5 21.6
Communication -14.4 -14.7 17.3 20.5 -12.9 10.6 12.5 11.2
Banking, finance, insurance, business services and leasing2 17.3 -11.5 -0.4 12.0 -1.5 4.8 11.0 12.4
Education and health services 2.1 8.4 -2.8 -0.1 18.8 6.0 6.9 14.1
Other services -8.5 8.0 5.9 0.0 9.0 7.6 13.3 21.6

1979 1980 1981 1982 1983 1984 1985 1986
Adjustment for financial services
Total gross profit 8.6 -11.9 -0.5 5.7 7.3 6.5 4.8 0.8
1 Including gross trading surpluses of public enterprises.
2 Includes adjustment for financial services.

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