§ Mr. Chris SmithTo ask the Chancellor of the Exchequer how many people are currently in profit-related pay schemes; how many were in each of the years since it was introduced; how many registered schemes have existed in each year; and what is the distribution of schemes by number of people in them.
§ Mr. LilleyThe information is as follows:
Live Registered Schemes December 1987 December 1988 December 1989 Number of participants 1–50 244 517 650 51–100 64 114 149 101–500 88 156 245 501–1,000 23 28 37 Above 1,000 11 15 31 Total schemes 430 830 1,112 Participating employees 72,000 122,000 226,000
§ Mr. Chris SmithTo ask the Chancellor of the Exchequer what is the average income and the distribution of income of those in profit-related pay schemes.
§ Mr. LilleyAverage annual earnings of participants in registered profit-related pay schemes were about £12,000 in March 1989. I regret that information on the distribution of earnings is not available.