§ Mr. ButterfillTo ask the Chancellor of the Exchequer what information he has regarding the amount of new capital raised through share issues by companies quoted on the London stock exchange in each of the last five years.
§ Mr. Norman LamontThe value of net issues of share capital by United Kingdom listed public companies for the period 1984–88 are given in the table:
£ million 1984 1,440 1985 4,625 1986 7,816 1987 15,432 1988 5,877 These figures relate to new money raised in sterling on the main United Kingdom stock market by issues of 648W ordinary and preference shares. Small amounts were also raised on this market by companies registered abroad. The figures do not include privatisations that did not raise new money for the company.
Amounts raised by companies on the unlisted securities market, which was launched by the stock exchange in November 1980, were as follows:
£ million 1984 137 1985 170 1986 301 1987 958 1988 620 More money has been raised during 1984–88 than in any previous five-year period.