§ Mr. SpeedTo ask the Secretary of State for Health what is the gross profit, expressed in pence per prescription, paid to pharmacist contractors in England and Wales for each of the last 10 years at actual and constant prices.
§ Mrs. Virginia BottomleyThe amounts due for profit which include interest on capital employed are shown in the table. The Pharmacists' Review Panel report on profit recommended that the pure profit percentage should be reduced from 2 to 1 per cent. This was implemented in 1988–89. Details are as follows:
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Year Interest Pure Profit Actual Prices Constant Prices2 Actual Prices Constant Prices2 1981 8.61 15.43 6.81 12.20 1982 8.64 14.45 7.49 12.53 1983 8.00 12.79 8.33 13.32 1984 8.50 12.94 8.63 13.14 19851 11.00 16.75 8.91 13.57 1985–86 11.19 16.14 9.60 13.85 1986–87 10.62 14.84 10.12 14.37 1987–88 10.37 13.74 11.02 14.60 1988–89 13.18 16.29 6.01 7.43 1 1 January 1985 to 31 March 1985 2 Constant Prices calculated using 1991–92 prices as the base. Following the new arrangements for remuneration of pharmacists from April 1989 onwards, estimates of the amounts due for profit are no longer calculated as separate items of remuneration.