§ Mr. JackTo ask the Secretary of State for Trade and Industry what economic contribution aerospace companies make to the United Kingdom industrial production, investment, the balance of payments and corporation tax revenues.
§ Mr. Douglas HoggThe United Kingdom aerospace industry made contributions to the United Kingdom economy as follows. Its net output—£3,133 million in 1987—provided 2.9 per cent. of the total net output of production industries; capital expenditure—£258 million—amounted to 1.9 per cent. of production industries' total capital expenditure investment and they recorded over £6 billion worth of exports, in 1988, with a balance of trade of about £1.7 billion in the United Kingdom's favour. Corporation tax statistics are not compiled for individual industries.